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.

The turmoil in the bond markets has caused annuity incomes to soar by almost 50% in the last three years, new data shows.

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.

The guaranteed income offered by annuities means annuity-holders are more likely to report lower levels of stress and the highest level of financial confidence compared to those without one, according to a new study.