Average assets per member of defined contribution pensions have fallen by 66% since the beginning of 2012, according to new data from The Pension Regulator.

The ideal retirement income is £22,500 per annum, according to new consumer research.

The Financial Conduct Authority (FCA) has proposed new rules to require defined contribution pension providers to offer to book Pension Wise appointments for members before they access their pension savings.

The Pensions and Lifetime Savings Association (PLSA) has called for a new regulatory framework to help DC pension savers with the decisions they face when entering decumulation.