Pensions firm Punter Southall has launched Pension Potential, an app-based digital retirement planning tool for businesses and employees, as well as pension schemes and their members.

The Pensions Regulator plans to change its guidance on decumulation and says it also wants to see fewer but larger DC pension schemes to provide the best outcomes for pension savers.

Only 35% of pension savers are confident about making retirement decisions, a new report suggests.

Four out of five people aged 55 or over are charting their own path to retirement and turning their backs on guidance and advice, according to new research.