People dipping into their pensions for the first time are triggering complex tax rules, according to analysis by retirement specialist Just Group.

The cost-of-living crisis is likely to increase the number of clients seeking to give lump sum cash gifts to adult children, financial advisers say.

Retirement specialist Just Group is to give all staff earning under £50,000 a year a one-off payment of £1,200 to help them cope with soaring inflation and energy bills.

More women over-50 have quit the workforce than men since the pandemic hit the UK, creating a growing employment gap between older men and women.