Is now the worst time to be retired?

Your Retirement Salary, a new book co-written by Richard Evans, The Telegraph’s Questor Editor, suggests selling investments gradually. It recommends that investors take income from dividends and supplement it, if necessary, by selling no more than 1pc of their pot each year.

The book says: “We suspect that the idea of gradually selling some of your investments causes disquiet among savers, who feel that, by eroding their capital even slightly, they are on a slippery slope that will end in them having nothing. In fact, selling assets slowly can make perfect sense.”