Sir Hector Sants’ appointment as chair of the Single Financial Guidance Body has been welcomed.

Lesley Titcomb, chief executive of The Pensions Regulator, is to stand down at the end of her four year contract in February. 

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.

Pension deductions from pay are set to treble for more than 4 million employees from today.