Jun 26 2008
Retired Britons are missing out on the chance to enhance their assets by failing to seek the advice of financial experts, it has been claimed.
According to a new report from Prudential, the typical retired couple in the UK is worth a total of almost £270,000 but most are not making sure that these assets are working as hard as possible on their behalf.
Despite saving for retirement for much of their working life, most people fail to seek out professional advice on how best to utilise the resulting funds and property holdings, the financial services firm reports.
"The average pensioner could substantially boost their retirement income simply by using their savings and assets in different ways and exploring other options such as equity release to deliver an income," said Gary Shaughnessy, Prudential managing director, retail life and pensions.
Fidelity International recently urged people saving for retirement in the UK to consider the potential impact rising inflation could have on the value of their assets in years to come.
