Retirees are spending more of their cash on gambling than working people, a report says.

Retired household incomes rise above 2008 crash levels

Average income for retired households continued to rise following the economic downturn and has gone above the 2007/08 level – in contrast to non-retired households which have failed to get back to that same peak.

People planning to retire this year who have previously been divorced will be taking a hit of £2,100 a year on average in their expected retirement income, according to new research.

Expat-focused financial advisory group AES International has raised concerns about the impact of the new pension freedoms on expatriate workers. Read more...