Seven in 10 people in retirement have so far failed to set up a Lasting Power of Attorney (LPA), according to new research. 

Analysis by the Lang Cat for Zurich has found investment platforms were struggling to get to grips with delivering income in retirement.

Staff and advisers at the Openwork network have raised £562,000 in the past year to help disadvantaged children and young adults, pushing the total raised since 2005 by people working for Openwork to £7.4m.

Zurich revealed triple digit percentage increases in profits in both life and savings and general insurance sections of the business, according to the firm’s 2018 full year results.