Retired savers are becoming more willing to take risks to secure a better income.
They are increasingly turning to investment funds, investment trusts or structured products to boost their returns, even though these investments can put their capital at risk.
Analysis by HSBC shows that savers who put money into fixed rate accounts four or five years ago are facing a "savings precipice" this year when they come to reinvest.
Please enable cookies in your browser to display the rest of this article.