Stephen Timms MP, chair of the Work and Pensions Committee, has submitted an amendment to the Pension Schemes Bill going through Parliament which would make pension guidance appointments automatic.

Pensions Minister Guy Opperman plans to introduce simpler 2-page annual pension statements.

One-in-twenty workers are being ‘under-enrolled’ in company pension schemes by receiving less than the minimum legal contributions, or no contributions at all, according to new research.

Almost £10bn was transferred out of defined benefit pensions in the final quarter of 2019, according to official data.