Pension savers lost out on £600m last year according to HMRC personal pension statistics released today.

Royal London has warned against a “drastic” proposal to raise the State Pension age to 75.

The FCA has set out plans to ban advisers from contingent charging based on a positive recommendation to transfer out of a defined benefit scheme.

Information from Defined Benefit pension schemes suggests that well over a third of a million people have transferred over £60bn out of such schemes in the last three years.