More than half of pension pots are being cashed out in full as fewer people seek professional guidance, new figures from the FCA have revealed.

The latest official wage growth figures - published today by the ONS - mean the State Pension should rise to £11,501 in April 2024, a 8.5% rise from £10,600 this year.

The Government is threatening to remove the ability to inherit an untouched pension pot tax free into a drawdown account if the deceased is under 75.

Chancellor Jeremy Hunt is expected to deliver a 'Back to Work' Budget at lunchtime today when he unveils his first Budget since becoming Chancellor.