As far as investments are concerned, for many people in their sixties a keener focus tends to be on income-producing assets such as bonds which are generally less risky than holding shares.

However, it’s worth discussing with your financial adviser the best way to grow your portfolio as well. People are living far longer these days so you need to be sure that your nest egg can last for the best part of 30 years or more.

If you are retired and own your home outright equity release might be a way of releasing cash from the value of your property to enhance retirement income. It is essential to seek professional advice on this and talk to family members before making any commitment so that everyone understands the consequences.

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