People 'should take regular pension advice'

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People 'should take regular pension advice'

Wed 18th Jan 2012

Individuals of all ages across the UK have been advised that it is important to take pension advice regularly throughout their lifetime in order to build up a significant nest egg for retirement.

Keith Churchouse, director of Chapters Financial Limited, said annuities have been falling over the last six months and this has meant individuals looking to retire right now are facing significantly lower returns on their retirement savings than they might have expected.

He argued: "This is a testament to the fact that people really need to think about their retirement planning very carefully ... [to] make sure that they do have significant funds to meet their needs in retirement."

According to recent comments by Robin Ellison, head of strategic development for pensions at Pinsent Masons, it is important for people to start saving early, with young Brits needing to think long-term in order to create a financially-sound footing on which to build their retirement dreams.

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