Only a third of women (33%) believe now is the right time to invest in their pension compared to 46% of men, according to a survey of 1,100 consumers which looked at investment differences between the sexes during the pandemic.

Research by Aegon has uncovered that financial concerns about the impact of Coronavirus on pensions are highest among the 55-64 age bracket.

Aegon has welcomed a move to freeze the auto-enrolment annual earnings trigger at £10,000, a step that will mean an additional 80,000 eligible employees will likely start saving for retirement.

Pensions veteran Steve Cameron, pensions director at Aegon, has joined the chorus of experts warning the government against scaling back pension tax relief for high earners in the Budget.