Retirees can now find more flexible income from drawdown, multi-asset funds and so called 'third- way' products that combine annuities and exposure to the stock market.

Elderly investors have to balance the need to make withdrawals yet keep a pot as intact as possible - whether to avoid running out of money or bequeath a pension to loved ones.

We explain forthcoming changes to the state pension age, so you can find out when you will be allowed to retire

How much do I need to be saving into my pension to achieve this, assuming I achieve returns of 7% a year and that I live until 85. Financial planner Kay Ingram (pictured left) replies

I had an £84k pension but cashed it in when I was 55 to pay off debts. Since then, I have come into an inheritance so I have £420k in savings and have rejoined my company's pension scheme.

Analysis by financial data experts Defaqto shows a couple who borrow £50,000 could save up to £38,000 over 20 years by opting for a retirement interest-only mortgage instead.

Insurer Royal London says the hundreds of people who take early retirement every year due to work-related sickness could find themselves in breach of their annual pension saving allowance.

There are 18 providers offering 74 deals - up from just 36 this time last year. The average interest rate charged has fallen slightly from 3.5 per cent to 3.47 per cent , according to moneyfacts.co.uk.

The pension incomes of Britain's richest retirees are now 17 times higher than those of the poorest as the gap between the two has nearly doubled over the past decade.

Barry O'Dwyer, chief exec of insurer Royal London, said the catastrophic rout caused by the coronavirus could mean some people nearing retirement age no longer have enough money left to live off.

The 34-year-old had indicated that this season would be her last after a glittering career that saw her claim 400m gold at the 2008 Olympics in Beijing a year after becoming world champion in Osaka.

Retired Colorado Rockies first baseman Todd Helton has been sentenced to two days in jail after pleading guilty last month to a DUI charge from 2019. He has reportedly gone through a treatment program.

EDDIE HEARN: Over here, we are thinking about what next for Tony Bellew. He has emerged as a real stand-out star of British boxing in the last few years.

CBS News veteran Morley Safer has passed away at the age of 84. Safer, who had been a correspondent on 60 Minutes for all but two of the show's 48 seasons, retired from his job last week.

Team Ineos principal Dave Brailsford is convinced Chris Froome will fight to return to top-level cycling after his life-threatening crash. Froome suffered extensive injuries when his bike hit a wall at 35mph.

JANE FRYER: Bob Weighton, of Alton, Hampshire neither drinks nor smokes. 'I tried one of my brother's cigarettes when I was 12, was sick and I've never smoked since,' he says.

Beyonce sent Reese Witherspoon her entire Ivy Park x Adidas collection this week in a massive surprise delivery and Reese modeled the stunning items on Instagram, Wednesday.

5 Seconds of Summer filmed an interview for the Today show hours before kicking off their Meet You There tour of Australia in Sydney this week.

When I went to Paris last week to interview David Beckham as he announced his retirement from football, there was much to talk about and memories such as that one. But what resonated with me was that when I asked him how he would like to be remembered, he replied: ‘As a hard-working footballer.’

Brando Soda, from Campbelltown, north-east of Adelaide, found the 40,000-litre tank next to his verandah when he returned home from skiing in Victoria six months ago.

There are many reasons people choose to move to a smaller place. Perhaps your kids have left so there's no need for all the extra room, or you want to release some cash to supplement your income.

The soap-maker found a series of payments over the several years that Alex Kanellis was in charge did not live up to the standards expected of a chief executive.

The killer coronavirus outbreak across the globe has lead to a host of sporting events being cancelled, postponed or placed in serious doubt with the Six Nations among impacted events.

Popular chaser Un De Sceaux has been retired after sustaining a career-ending injury. The Willie Mullins-trained 12-year-old was found to have a ligament injury after working on Thursday.

Popular chaser Un De Sceaux has been retired after sustaining a ligament injury.

Dutch legend hung up his boots last summer after an illustrious 19-year career. But Robben hinted at performing a U-turn recently, revealing the idea of playing again 'tickled' him..

A weary Andy Murray needed treatment for cramp he was beaten last night by the world number 240, bringing to an end his experiment with the Rafa Nadal Challenger event in Mallorca.

Wayne Rooney has set his sights on playing as long as he can as he prepares to make his debut for Derby County.

Though expected, the cancellation of this year's Wimbledon for the first time since the Second World War caused an outpouring of emotion among tennis fans.

James Benamor says Amigo was committing 'slow-motion suicide' by making 'irresponsible' loans and failing to alert shareholders to the potential cost of complaints.

Sheffield United host Manchester United on Sunday in what represents the biggest financial mismatch in the Premier League this season. Here, Sportsmail compares the princes with the paupers.

After Tyson Fury's devastating dismantling of Deontay Wilder on Saturday night, the question now on everyone's lips is: what's next? Sportsmail assess all the options...

Paris Fury wants her husband, Tyson, to make a mega-fight victory over Anthony Joshua his final fight, retiring as the undisputed heavyweight champion after 'Battle of Britain'.

The 30-year-old, who holds the WBA, WBO and IBF belt, has his sights set on becoming the first undisputed heavyweight champion since Lennox Lewis in 1999.

The self-styled Gypsy King had vowed to have three more fights after wrenching away the WBC title from Deontay Wilder back in February after being urged by his family to hang up the gloves.

MIKE DICKSON IN NEW YORK: Two days before another dramatic US Open exit, Roger Federer was talking up the chances of him being competitive in the Grand Slams into his forties.

A 32-year-old marketing manager at a manufacturing firm wants to retire at 60. Ray Black, of Money Minder Financial Services, offers an investing makeover in Money Pit Stop.

Chancellor George Osborne has announced that pensioners will get the chance to boost their incomes in a six month window between October 2015 and April 2016.

She shares two adorable children with partner Chris Walker who she met while he was working on The Project.

Fred has retired from international football at the age of 30 after Brazil's disappointing World Cup campaign came to an end. He scored 18 goals in 39 games.

The stunning couple graced the red carpet at the AFL 2020 season launch in Melbourne on Tuesday night shortly after sharing their exciting news on social media.

The Richmond Tigers defender, 30, who was going through a marriage breakdown, announced he was retiring to focus on his 'family and faith' in December last year.

The fast food giant is giving families around the country a well-deserved break from the kitchen with free delivery for all orders over $25.

The now-Rangers manager is an all-time Anfield great but left Liverpool at the end of the 2014-15 season, just months before the popular manager took the hotseat.

NASSER HUSSAIN AT THE OVAL: Australia opened the door for England here with dropped catches and a wicket off a no ball but they just could not force their way through.

Siddle, 35, made his debut in 2008, took 221 Test wickets at an average of 30.66 apiece, and played his last Test in the fifth and final match of this year's Ashes series in England, which England won.

It's Hot or Not time again as Sportsmail's Daniel Matthews reveals what's been making him feel warm and what's been leaving him cold this week.  

LA lawyer Hilary Sledge-Sarnor, 38, her husband Lateef Sarnor, 49, and their two children all first starting experiencing coronavirus symptoms in March.

Bent, who has not had a club since his release by Derby at the end of the 2017/18 campaign, revealed his decision to hang up his boots during an interview on talkSPORT on Thursday afternoon.

Anthony Joshua will face Bulgarian titan Kubrat Pulev when he next steps into a boxing ring... if Wladimir Klitschko retires from the sport, promoter Eddie Hearn has revealed.