Average earnings data published this morning by the Office for National Statistics (ONS) has highlighted the difficult decision faced by the Chancellor this autumn when deciding on State Pension rates for April 2022.

Prime Minister Boris Johnson and Chancellor Rishi Sunak have written an open letter calling on UK pension schemes and institutional investors to deliver an ‘investment big bang’ to power the UK economy back to health.

Calls for reform of the pensions Triple Lock from the pensions community are building as Chancellor Rishi Sunak departed from his usual approach of defending the lock on BBC Radio 4 this week.

The FCA is to consult on introducing a new type of open-ended fund which invests in long-term illiquid assets.