The Pensions and Lifetime Savings Association (PLSA) said it supports the introduction of the Pension Schemes Bill.

A single person would need a pension pot of £682,000 - down £56,000 on last year - to produce a ‘comfortable’ retirement income, according to calculations by wealth manager Quilter.

Pension experts said that today’s figures from the PLSA about retirement living standards should be a ‘wake-up call’ for savers.

The minimum amount a couiple needs in retirement has fallen by £1,000, according to the latest update of the Pensions and Lifetime Savings Association’s (PLSA) Retirement Living Standards report.

Single pensioners need £225,000 more in their pension pot than couples to achieve a ‘moderate’ standard of living in retirement.

Almost one in five Britons (17%) will rely on only the State Pension for retirement income, according to a new report.

More than half (53%) of UK savers would prefer their pension money invested in the UK, according to consumer research from the Pensions and Lifetime Savings Association.

The Pension Protection Fund (PPF) decision to reduce the amount it will levy on defined benefit pension schemes from £100m to £45m, has been welcomed by the Pensions and Lifetime Savings Association (PLSA).

Concerns over pensions adequacy remain a priority for some people, according to a survey from the Pensions and Lifetime Savings Association (PLSA).