Women are now almost twice as likely as men to feel ‘on the back foot’ on retirement planning as the Coronavirus pandemic battered their confidence, according to a new report.

The Financial Conduct Authority and The Pensions Regulator have published a joint discussion paper on building a common framework for measuring value for money in DC pension schemes.

Over half of non-retirees (56%) are worried that they are failing to save enough for retirement.

A typical young adult aged 20-40 wants to retire at 59 with an annual retirement income of £26,000, according to new research.