Rich Brits prefer to go it alone on retirement

A survey conducted by Lloyds TSB Private Banking, finds more than six in tenhigh net worth clients plan to rely on additional investments over and above their pension fund in order to support their retirement period. Lloyd’s Wealth Watch finds 42% of high net worth respondents are relying on a company pension to provide for them, while just over a quarter expect to release money from their property. Moreover, four in ten of the wealthier group plan to cut down on ‘expenditure’ later in life, with 20% planning to move into a smaller house to aid the financing of their retirement, while ...