Major stock market moves on one day could prompt nearly 60% of income drawdown investors to revamp their portfolios, with 21% moving their money into cash, according to a new study.

The UK public expects the age at which they are entitled to receive the State Pension to increase to 70, a new survey has found.

New research has found that 1 in 5 pension savers (20%) over 50 have changed their retirement plans because of the Pension Freedoms as the retirement planning sector sees a major change in direction.

Stock market volatility and economic uncertainty have led to a sharp spike in over-50s being risk-averse with their pension savings, new research indicated.