Retirement specialist Just Group is to give all staff earning under £50,000 a year a one-off payment of £1,200 to help them cope with soaring inflation and energy bills.

More women over-50 have quit the workforce than men since the pandemic hit the UK, creating a growing employment gap between older men and women.

Four in ten decumulation products bought in 2021 were purchased without professional advice, according to product sales data from the Financial Conduct Authority.

Only 16% of over-45s informed their financial adviser they were facing circumstances which could make them financial vulnerable, according to a new report.