Retirement resilience has dipped and is expected to fall further during 2024 as house prices continue to fall and asset values fail to rise in line with inflation.

Too many Financial Planners are relying on averages for their retirement income planning process, according to DFM Hymans Robertson Investment Services.

Nearly a third (32%) of over-55s have deferred their retirement plans since the Coronavirus pandemic began in early 2020.

Chancellor Jeremy Hunt launched a consultation on giving people one 'pension pot for life' as part of his Autumn Statement 'mini-Budget' today.