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Spouses are keeping secret debts worth an average of £7,800 from their other halves and potentially risking their comfort in retirement, a study shows.

Hargreaves Lansdown has detailed a five point action plan to reform the retirement planning sector following the widespread criticism of the annuity market by the Financial Services Consumer Panel this week.

The Financial Services Consumer Panel has called for urgent change in the "non-advice" annuity market which it says "does not work well for the majority of consumers."

Sipp and SSAS provider Xafinity is urging advisers to factor in the possibility of their provider exiting the Sipp market after Capita decided to quit Sipp administration.

Detailed analysis of the "oldest old" from the 2011 Census has revealed the UK has 1.25m people aged 85 and over – growth of nearly 250,000 in 10 years.

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