Some 60% of people over the age of 50 and who have not yet retired think they are not properly prepared to do so, according to new research published on Tuesday.

The research was carried out by a platform set up to raise awareness of money matters and was presented at the start of a three-day campaign to increase people’s pension expertise.

The survey found 70% of people aged 50 to 67 will get their first state pension payment later than they expect. The pension age is being gradually increased to 67.

Just over one-third are concerned they will not have a job up to the age of 67 because there will be no work for them to do.

In total, three in 10 people are concerned they will not have enough money to live on when they reach retirement age.