This is the latest chapter in a story which began in 2015, when we started a longitudinal study following 80 people as they grappled with their initial decisions under the new pension freedoms.

Our findings were published as part of the New Choices, Big Decisions series of reports and have been widely disseminated to industry, policymakers, regulators, and the government.

This is now the fifth time we have caught up with 35 of our original pension pioneers and they are starting to experience health issues – in some cases, these are serious – and they are beginning to notice the onset of cognitive decline.

Particularly striking is the lack of confidence in managing their investments among those who have previously enjoyed this challenge.

We also spoke to a group of people who have returned to the workplace after initially retiring to find out why they started work again.

Download our New Choices, Big Decisions: Crunch time! Unravelling the impact of the cost of living crisis report