Most workplace pension savers are failing to shift their money into ESG or sustainable funds, according to new research.

Industry pension experts have expressed concern about new FCA retirement income data revealing that more than 40% of pension savers are withdrawing from their pension pot at an annual rate of 8% or more.

More than one in four people (27%) say they have never heard of pension tax relief amid widespread pension ignorance which may be holding back retirement saving.

New research has revealed that 33% of people who retired earlier than they expected did so due to ill health.