While the UK is in the middle of an interest rate increase cycle, inflation is still stubbornly high and this is having all sorts of consequences for people's finances.

Not least is this affecting people's retirement, when savers might have spent years building up a pension with the expectation of a certain cost of living, only to find that things have become more expensive.

This is a particularly acute situation for those about to retire or already in retirement, and many choices will have to be made over the type of retirement product they will want to select, as well as what their lifestyle is likely to be.

How to manage in more constrained circumstances is also a factor to consider for those well-established in retirement.

This guide aims to tackle some of these questions and is worth an indicative 60 minutes' CPD.