A lack of advice for pension savers risks destroying the flexibilities offered by the Pension Freedoms, according to a new report from MPs on the Work and Pensions Select Committee.

Former Pensions Minister Baroness Ros Altmann is leading a last-minute revolt in the House of Lords against government plans to suspend the Pensions Triple Lock for one year.

An estimated 1.4m people will benefit from Chancellor Rishi Sunak’s decision to fix the net-pay anomaly on pensions, a move broadly welcomed by industry experts.

Ex-Pensions Minister Baroness Ros Altmann has warned the government against abandoning the State Pension Triple Lock despite a potential 8% rise on the way.