Financial planning 'could make the difference' in retirement
Those saving for retirement are being offered financial advice from one of the UK's leading investment management firms.
Rensburg Sheppards is urging investors to wake up to the severity of the economic crisis, and take steps to ensure they are making the most of their money.
Graham Barber, head of financial planning at Rensburg Sheppards, stresses the importance not only of following the "basic principles" of personal financial planning but also maximising tax efficiency.
He adds that it is essential to take full advantage of contribution levels for personal pensions and to consider stakeholder payments for non-earning spouses and children.
The advice comes soon after research from Prudential found that UK workers drawing their pensions in 2009 will be, on average, £884 a year worse off than those who began drawing it last year.
Additionally, figures show the income difference between a pension and an average salary will equate to a wage cut of £7,129.
Related Stories
This news is available in 