A quarter (25%) of adults aged 55-64 are unaware of the state pension deferral option despite the fact they will soon be making important retirement choices, according to retirement specialists the Just Group.

The latest FCA product sales data has revealed that fewer retirees are taking regulated advice before switching their pension pot into income drawdown and guaranteed income for life solutions.

There has been a sharp rise in the percentage of pension savers accessing their defined contribution (DC) pension pots without advice, according to new analysis.

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.