Saga, the provider of services to older people, has warned that £3.2bn may have been cashed out of pension pots without any financial advice following the Pension Freedoms.

Grandparents have given over £37bn to their grandchildren, with 23% saying this money was being spent on education.

Confusion reigns about ISA rules among the over 50s, according to a study of 10,000, with many mistakenly thinking they could get a LISA when it comes available.

Retirees are spending more of their cash on gambling than working people, a report says.