Britons need to plan in more detail to avoid affordability issues during retirement, it has been claimed.

Research conducted by retirement specialist Tomorrow found that many pensioners in the UK believe they have not saved enough money to fund their twilight years.

Some 18 per cent told the firm that they expect to work part-time to supplement their pension, while 25 per cent cited equity release as a likely option.

Meanwhile, 23 per cent of over-55s told researchers they had waited until at least the age of 41 before beginning to save for retirement.

However, a spokesperson for Tomorrow claimed that there are still options available to those who have left it late to begin saving.

Kirsty Macpherson said: "Those reaching retirement would benefit from professional financial advice in order to maximise their income."

"For example, many people are not aware that they are able to increase the income they receive from an annuity because of bad health or lifestyle choices," she added.

Figures released this week by Coventry showed that the over-60s are increasingly comfortable in using the internet to carry out their banking.