A third (32%) of Britons rank pension planning as their lowest 'life admin' priority, according to research from Standard Life.

Retirees are set to receive an 8.5% increase to their State Pension from April next year as CPI inflation held steady at 6.7% for the year ending September.

Pensions and retirement provider Aegon has called for the Government, employers and pensions industry to work together to rethink life after 50.

The number of people paying tax penalties for exceeding the annual or lifetime limits on pension tax relied rose sharply between the 2020/21 and 2021/22 tax years, according to new figures from HMRC.