Millions of women are set to receive a substantial pension boost following a landmark court ruling which overturns decades of retirement inequality and unfairness.
A record £2.3 billion has been pulled out of pension pots by savers in just three months, raising fears that the 2015 pension reforms could leave many without enough cash for retirement.
Five million pensioners stuck with poor value annuities are appealing to Chancellor Philip Hammond to allow them to cash the policies in as part of next month’s budget.
Master trusts are a popular occupational pension scheme. They are more cost-effective for employers as they pool together workplace schemes into a fund that is managed by one provider.
A new report has revealed the welcome news that more Scots are saving for retirement, with 84% of people putting money aside compared to 75% last year.