Former Pensions Minister Baroness Altmann has backed the FCA's ‘stronger nudge’ plan for pensions savers to get Pension Wise guidance and has called for the guidance to be compulsory.

The Financial Conduct Authority (FCA) has proposed new rules to require defined contribution pension providers to offer to book Pension Wise appointments for members before they access their pension savings.

Two in three UK adults aged 45-65 view the government as doing “terribly” in its attempts to make using Pension Wise the norm for pension guidance, according to new research.

Three in five (59%) of 45 to 54-year-olds said they are confused by their choices at retirement, according to new research.