Private banking can offer "personal service" to retirees
People wishing to get advice for saving for retirement may be interested in private banking, comments made by an expert have suggested.
According to Re-Financial Planning, the "personal service" offered by private bankers may benefit people with investments or finance in the UK and abroad.
Director David Higgins said: "The personal service is what they hang their hat on – you're dealing with one or two people rather than going through a call centre."
He added those with "sophisticated affairs" could managed better than a standard banking facility.
People reaching retirement age who wish to discuss options such as Sipps, Isas, annuities or nest egg savings accounts may like to look outside their bank for information.
It also appears that private banking is increasing in popularity. According to investment management company Schroders' figures from April, their private banking pre-tax profits rose 54 per cent with a net income rise of 11 per cent.
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