Every financial adviser will have met at least one person in their late 40s or early 50s who have big dreams for retirement but small savings to match it.

Those wanting a champagne lifestyle on a Capri-Sun budget need to rethink their priorities and start making pension savings as soon as possible.

But how easy will it be for an older person to put aside enough money to secure a decent financial nest egg? What sort of challenges will they have to overcome? 

This guide explores the reasons why people may have left it late to start making any serious form of pension saving and will assess the sort of challenges they will need to overcome - and how to do this.

It will also discuss various ways in which individuals can take advantage of workplace pensions and tax rules to help make the most of their pension savings, as well as provide tips on how to start putting a plan in place. 

The guide qualifies for an indicative 60 minutes' worth of CPD.

Contributors of content to this guide: Jessica List, pension technical manager for Curtis Banks; Tom Selby, senior analyst for AJ Bell, Alistair McQueen, head of savings and retirement at Aviva; Steve Webb, director of policy for Royal London; Andrew Pennie, head of pathways for Intelligent Pensions; Vince Smith-Hughes, director of specialist business support for Prudential; Chris Cummings, chief executive of the Investment Association; Alistair Wilson, head of retail platform strategy for Zurich UK; Anna Lane, chief executive of The Wisdom Council; Matthew Yeates, investment manager for Seven Investment Management; Ascot Lloyd; the London Institute of Banking and Finance; Tilney. 

Simoney Kyriakou is deputy editor of Financial Adviser