New figures have revealed a continued decline in pension transfer volumes across the market.

The improvements in public finances make it less likely the Chancellor will be forced to raid pensions in the autumn, believes former Pensions Minister and Royal London director of policy Steve Webb.

The Pensions Regulator (TPR) is to get new powers over trustees following the Government’s response to the publication of a report by the chair of the Competition and markets Authority.

As the end of the tax year approaches Hargreaves Lansdown has predicted a surge in drawdown cash withdrawals.