More people than ever are planning to leave the UK and spend their retirement abroad to avoid debt problems, according to RIAS.
The group say that 400,000 people over the age of 50 in the UK are ready to move to another country to escape the credit crunch and increased cost of living.
Janet Connor from RIAS commented, "More often than not there is cheaper property, a better climate, and a lower cost of living as well as the considerable health benefits of a Mediterranean diet and pace of life."