May 7 2008
Finding the right people to talk to about financial issues can be an important part of developing a retirement saving strategy, it has been suggested.
According to Saga, there is no substitute for professional guidance when it comes to taking decisions on crucial financial matters, such as how best to save for retirement.
In fact, the financial service firm's chief executive Andrew Goodsell has claimed that taking advice from friends and family when it comes to money-related issues can be "ill advised".
Mr Goodsell's comments came in response to Saga's own research that showed that most Britons tend to be unwilling to discuss their financial matters with relatives and friends.
Additionally, when people are happy to talk openly about their money, the issues that are addressed with the least reluctance are banking choices and saving for retirement.
Last week, David Elms, chief executive of the Independent Financial Advisor Promotions organisation, said that the A-Day regulatory reforms introduced two years ago sparked a rush for professional pension advice in the UK.
