Retirement investors 'need discipline'

People saving for retirement in the UK need to show discipline if they are to ride out the current problems facing financial markets worldwide, according to one expert.

Jason Butler, partner at Bloomsbury Financial Planning, suggests that investors need to consider the basic ideas of capitalism and sell some of their assets when markets are struggling.

Mr Butler said: "When you've got difficult markets, that's when you need a disciplined allocations policy that reflects the fundamentals of capitalism - when things go down, buy more of them, when they go up, sell them down."

In reference to alternative investments, including fine wines or antiques, Mr Butler made clear that retirement savers need to be realistic and make acquisitions for their own enjoyment rather than for financial security.

A report from Abbey last week insisted that there are still good retirement savings deals available to prospective pensioners in the UK.