Aegon’s UK profits rose to £71m for the first half of 2020, driven by higher fee income from a growth in platform assets and improved protection earnings.

Figures from the Office of National Statistics showed that 19% of UK workers are unaware of auto-enrolment into a workplace pension scheme.

Provider Aegon has reported more than double the percentage of life insurance claims caused by respiratory conditions for the first half of 2020.

The Coronavirus pandemic has forced a widespread rethink of retirement plans as 18% change their retirement age and 20% of over-55s have considered raiding their pension savings, according to a new report.