Related topic: Pension

The issue relates to the two different ways in which pension tax relief is paid, but industry experts have warned there is a real risk of huge non take-up.

Pensioner poverty has been rising steadily for the last ten years, with single pensioners at highest risk.

Millions are at risk of retirement shortfall as the UK fails to join up housing and pension policy, the Society of Pension Professionals says.

Annuity income has risen by over £100 in a few months.

Bell was first appointed to the role in January 2025 as part of a Cabinet reshuffle.

When asked about financial advice, just 11% of respondents said they had taken guidance from a financial adviser. 

The state pension age could rise to 68 from 2037 to 2039 under government plans.

Those rolling off older mortgage deals could see monthly repayments jump by around £866.

The support programme brings together specialist partners to equip financial advisers ahead of April 2027.

3.7 million homeowner households aged 55-79 will have retirement income below the moderate living standard.