The Treasury’s call for evidence on small pension pots is “deeply frustrating”, according to former Pensions Minister Steve Webb, a partner at LCP.

Pension trade body the Pensions and Lifetime Savings Association (PLSA) is to focus on expanding the scope and level of automatic enrolment as its top strategic policy objective in 2023.

Soaring inflation means that retirees need 20% more income to retire on a basic standard of living than last year, according to a new report from the Pensions and Lifetime Savings Association.

Retirees wanting a comfortable retirement and enough money to pay for later life care need to build up around £470,000 in retirement wealth due to the cost of living crisis, according to a new report.