Almost 9 in 10 of eligible employees (88%, 19.2m people) are saving for retirement through their workplace pension.

Guy Opperman MP has retained his role as Pensions Minister in the new government under Prime Minister Boris Johnson, the DWP has confirmed.

Former Work and Pensions Secretary Amber Rudd and Nicky Morgan, who recently chaired the House of Commons Treasury Select Committee, are to stand down and not contest their seats in the upcoming General Election.

The resignation of Amber Rudd as Work and Pensions Secretary on Saturday night triggered the appointment of the sixth DWP boss since 2016 prompting Financial Planner Quilter to hit out at the “revolving door”.