Nearly 7 in 10 financial advisers (67%) expect clients to postpone retirement due to cost of living concerns, according to a new report.

Almost half of peopled aged over 50 do not have a detailed retirement plan while only 16% of UK adults are ‘totally confident’ they have enough money to retire in comfort, according to a new UK Retirement Confidence Index.

Half (49%) of retirees entered retirement without any clear financial plan for their post-work years, according to a new report.

Clients are increasingly worried about the prospect of maintaining their desired standard of living in retirement, according to Teesside Financial Planning firm Active Chartered Financial Planners.