One of the UK’s major annuity comparison services has reported a 60% surge in adviser annuity quotes in 2023 compared to 2022.

The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) have called on Government to boost UK growth through greater pension investment in four key areas.

People saved 18% more into their Hargreaves Lansdown SIPPs in the current tax year up to the end of December when compared to the previous year (April-December).

More than three-quarters (77%) of adults do not feel confident about how to access their pensions, according to research.