Recent research shows that 58% of employers now expect to help their staff to plan for their retirement.

Despite more than 35% of respondents believing the government should do more to provide financial education, employers are recognising that in absence of this, they themselves need to do something otherwise they will have a problem with fewer older workers feeling able to afford to retire.

In a fragile economy, with continuing worries of the impact of Brexit and political leadership changes, people become more cautious and may delay retirement further.

The affordability of retirement is one of the most fundamental drivers for people planning to retire. However, without some support in recognising how to fully and impartially evaluate this, we find many people don't take all the necessary facts into consideration.

Budgets change in retirement; people are no longer contributing to a pension, often they will pay lower tax, some regular expenditure will go down but some will increase.

Will there be a gap in income before the state pension kicks in? And what's the impact of funding that gap on the remaining retirement years? Conversely, is deferring the state pension a consideration for some?

Whilst for the vast majority of people, their pension forms the mainstay of providing for their retirement income, it isn't only pensions that should be reviewed when looking at the affordability of retirement. Other investments, downsizing their home and considering lifestyle changes should all be taken into account.

Financial education in the years ahead of retirement will help people to better prepare and to know what they are aiming for. Financial advice when making those at retirement decisions will ensure that they make the most of what they have and make a decision that is right for them.