Almost a fifth of retirees have been forced to return to work or to consider doing so because of income challenges, research from Standard Life has revealed.

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.

A new study suggests that retirees may have a life expectancy six to seven months lower than before the Coronavirus pandemic.

Soaring inflation means that retirees need 20% more income to retire on a basic standard of living than last year, according to a new report from the Pensions and Lifetime Savings Association.