More than 3 in 10 homeowners over 40 expect to work beyond the State Pension Age, according to a new survey highlighting a concerning lack of retirement income.

There has been a surprise decline in the number of advised clients ‘phasing’ retirement since the pandemic.

Nearly 70% of DB transfers went ahead when contingent charging was used compared to less than 28% when non-contingent charging was applied, according to a Freedom of Information request.

Pension group XPS has reported a 5% rise in profit (adjusted EBITDA) for the year ending 31 March and 7% total revenue growth, driven by client demand across the firms pensions divisions.