Feb 19 2008
Couples should take a shared approach but divide the financial responsibilities if they want to secure a comfortable future, it has been claimed.
According to experts at the Hartford Life financial services firm, partners who are able to effectively share the burden of saving for retirement are among those most likely to be well-off when they reach the end of their working life.
"Our research suggests that when couples 'divide and conquer' their responsibilities they are more likely to have at least £50,000 to fund their retirement," commented Mike Kalen, president and chief executive of Hartford Life.
This approach contrasts and offers greater rewards than the so-called 'going solo' retirement saving strategy, whereby one person aims to take on all the responsibility for securing a good retirement for both themselves and their partner.
Last week, the Department for Work and Pensions encouraged elderly Britons to make sure that their home was well insulated so that they are not wasting money on unnecessarily high energy bills.
