A survey has revealed that 77% of financial advisers have either used or are actively considering using hybrid retirement solutions and 10% overall say that hybrid retirement products have become a key part of their toolkit while 34% say they likely to become key.

A proposed £500 allowance to enable people to use their pension savings to pay for advice would be shunned by nearly two thirds of over 50s.

Rising numbers of people aged 55 or above are being targeted by scammers by phone, text or email, polling has suggested.

Advisers have come out top of a trust table for people over 55 years old – beating the world wide web.