Spain remains the top retirement destination for UK pension savers but non-EU locations are growing in popularity despite the fact that more than 500,000 are suffering a ‘frozen’ state pension by retiring to some non-EU jurisdictions.

Following a Freedom of Information Act request, Canada Life has uncovered the number of people qualifying for the full new state pension following its introduction in April 2016.

Three in five 16-54 year olds (61%) have admitted that their nominated beneficiary or expression of wish form connected to their pension is out of date or they do not know the true position, according to new research.

Major stock market moves on one day could prompt nearly 60% of income drawdown investors to revamp their portfolios, with 21% moving their money into cash, according to a new study.