Advisers should avoid ‘panic’ buying DB transfers on the assumption rates will only go in one direction, according to a new report.

The number of higher rate taxpayers has soared by nearly 2m to 6.14m since the last election and could soar by a further 3m by 2025, according to a former Pensions Minister.

Pension consultancy LCP has launched an online tool to help savers work out if they can benefit by topping up their State Pension by paying voluntary National Insurance Contributions.

Proposed new rules on how pension pots should be projected to retirement could lead to ‘perverse and unrealistic’ results, according to consultancy firm LCP.