A record 1m more people will reach the Pension Freedom age of 55 his year and this ‘peak’ will last for several years, according to new analysis.

New research has shown that two in five individuals are put off accessing financial advice because they think they have too little money to be of interest to Financial Planners.

Only a third of women (33%) believe now is the right time to invest in their pension compared to 46% of men, according to a survey of 1,100 consumers which looked at investment differences between the sexes during the pandemic.

Research by Aegon has uncovered that financial concerns about the impact of Coronavirus on pensions are highest among the 55-64 age bracket.