The Department for Work and Pensions has defended its reforms to state pensions, after research suggested the public feel changes are not fair.

Theresa May’s top team who will be overseeing departments related to financial services has taken shape.

The number of people accessing their new State Pension statement has increased by almost 40% in the last 6 months to approximately 400,000, the DWP has said.

The Government has set out plans to simplify the current valuation process for members with Guaranteed Annuity Rate pensions.