Is private wealth the only way to enjoy timely retirement?

Private wealth may be the only way for Britons to retire at the traditional age of 60 or 65, as one expert warns amassing the required savings might otherwise be difficult.

Dr Ros Altmann, director general of Saga Group, argues a "decent salary" and "low expenses" will be essential for individuals to gather the finances necessary within the space of ten years, a situation those without private wealth might struggle to find.

The wealth management expert admits people "could be very lucky with some higher-risk investments", suggesting alternatives such as offshore banking business may be a route to financial security in later life.

Last week, MetLife Europe Limited released a report entitled Ten Years to Save Your Retirement, warning just one-in-four over 50s are in a comfortable position for post-work life.

Those with personal means may be included in this number, but private wealth management services might still be essential for individuals who have not fully considered their needs in later years.  ADNFCR-2318-ID-800248634-ADNFCR