The regulator will explore whether targeted support and simplified advice could better support pension savers.

The firm warns that an increase in transfers will "lead to an increase in poorly informed pension transfer decisions".

Reeves said regulatory changes after financial crisis created a system which sought to eliminate risk taking "that has gone too far". 

The current average gap in pension savings at retirement shows women trailing men by about £100,000.

Annuity-holders are more likely to report lower levels of stress and the highest level of financial confidence compared to those without one.

This brings consumers’ choice of potential dashboards to 16.

Trustees of the unnamed scheme chose to make a 3% Bitcoin allocation.

The pair have received total fines of almost £86,000.

Reeves says stricter rules on inheritance tax will raise more than £2bn.

The change will add £361 a year to the old basic pension and £473 to the new state pension.