A place in the sun for your pension

Retiring to sunny shores is a now reality for many today, with over 1m receiving their state pension abroad.

Numbers are rising fast, with more than 70,000 taking their pension in Spain compared to 26,700 a decade ago.

However currency fluctuations are a major concern for Britons abroad seeking a secure retirement income. As pension income is paid in sterling, it will vary from month to month as exchange rates change.