One in three pensioners see their health worsen in the first five years of retirement, according to research by LV.
David Connor at Investment Solutions said: 'Although retirement is often seen as a time to take your foot off the pedal, there are often life changes that occur that could lead to financial upheaval. It is therefore essential that retirees have a degree of flexibility around their finances so they can adapt to a change in their needs.'
So with the range of options now quite comprehensive building a retirement solution can be quite complex.
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