Forty million UK adults are “rolling the dice” when it comes to their retirement, admitting that they either have not or did not set savings targets for their retirement.

The FCA has revealed it received 4.29m complaints in the first half of 2019.

Delegates at the PIMFA Summit in London this morning heard how pensions auto-enrolment could be used as a framework for future savings.

Since the introduction of pension freedoms in 2014 the FTSE 350 buyout deficit - the amount required to transfer the pension liability to an insurer - fell by around £2.5bn.