More than half (54%) of people born between 1965 and 1980 are heading for 'inadequate' retirement income, according to a new report from think tank The Social Market Foundation.

While people dream about retiring at 62 they do not expect to be able to retire until they hit 67, according to new research.

Early retirement and ill health are driving premature exits from the workforce and having a major impact on the UK economy, with an estimated £31bn in lost output annually, according to a new study.