An expert has expressed scepticism over whether a planned rise in auto-enrolment contributions will actually take place in April next year.

New research by wealth management firm Tilney has revealed many people’s retirement preparations are in disarray with nearly one in five UK adults admitting they have lost track of at least one pension pot.

The ONS has reported that almost three quarters of employees now contribute to some form of workplace pension. 

Government figures have revealed “drastic” pensioner income inequality.