April’s changes to divorce law could cut the number of cases where pension wealth is fairly shared at the time of divorce, according to a new warning.

More than 3m pensioners keep all of their ISA savings in cash, a Freedom of Information request has revealed.

MPs on the Public Accounts Committee have attacked the “shameful shambles” which led to an estimated 134,000 pensions, mostly women, being underpaid over £1bn in State Pension entitlement.

Falling life expectancy could help 20m pension savers avoid the threat of an increasing State Pension Age, according to actuarial pensions consultancy LCP.