Britain’s pension providers and insurers have joined forces with the government to back a regional growth drive through a new group which will be launched at the first-ever Regional Investment Summit on Tuesday.

The sister towns of Amersham and Chesham in Buckinghamshire have been named as the best area for retirement wellbeing.

Many retirees could empty their pension pots by their late 70s - leaving nine years of retirement unfunded, a major pension provider has warned.

One in five - 21% - people who withdrew a cash lump sum from their pension pot did so as soon as they turned 55, many without taking advice or guidance from an expert.

One in six (17%) of divorces in the last five years were postponed due to financial pressure according to new research, with the majority of splitting couples declining to use a financial adviser.