There is a growing trend for advisers to take on more work themselves and manage the investments of their clients in retirement in separate pots, an asset management firm has found.

Sanlam has released its half-yearly Income Study, which it described as “the definitive investor guide to UK equity income funds.”

New research by Aegon revealed that 38% of individuals were not confident about their ability to retire comfortably, with many unprepared when it came to pension savings and arrangements for funding their retirement.

More than one in five are saving or investing less because they cannot access advice on how to handle their money, research for Nottingham Building Society showed.