Just 17% of pension ‘dippers’ - savers who 'dipped' into their Defined Contribution (DC) scheme to release cash - used the government’s Pension Wise personal finance guidance service.

Helen Dean is to step down as CEO of the UK’s largest pension scheme, the government-backed Nest, which focuses on auto-enrolment.

Despite the significant improvement in annuity rates over the past 18 months, only 14% of 50+ year olds who are at least fairly familiar with annuities consider them to currently offer a good rate.

The legal changes required for the extension of pensions auto-enrolment have been pushed back until September.