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Britons looking to enjoy adventures during their retirement may find that the state pension is not enough to live on.

According to research by Friends Provident, £832 is the typical monthly amount that people believe will provide them with a comfortable retirement.

Over 50 per cent of individuals claim they will live partly or fully off the state pension - despite it currently standing at £439 for a single person.

"When the state pension was first paid in 1909, those people who qualified for it would have been delighted at the extra support it gave them in their retirement," comments Martin Palmer, head of corporate pensions marketing at Friends Provident .

As such, people who are looking to treat themselves to trips abroad or a new car may find that a loan is one way to provide the extra cash to fund such ventures.

Such an option may be a wise move after it was recently warned that credit card companies are going to become stricter about how much they lend, according to David Kuo, head of personal finance at the Motley Fool.

With an annual payment rate that could be lower than other loans, secured loans could be the financial solution for many people in their retirement.