HMRC said that retirees "may need to wait until the regulations are in place before taking or transferring certain benefits".

Timpson has resigned from the Prime Minister’s Dementia Friendly Communities Champion Group over DWP's practices.

43,000 claims have been made relating to pension products provided by financial providers and advisers that had gone out of business.

Despite 42% of HNWIs previously saying they planned to contribute the full £60,000, only a third have contributed more than £40,000 and just 8% more than £50,000.

Volunteer participants will now begin connecting from August 2024.

The new coalition - combining Just Group, L&G, Moneyhub and Standard Life - has launched to support a successful launch.

A new report has suggested payouts of between £1,000 and £2,950.

25% of advisers prioritise reforms that would lessen tax burden on clients saving for retirement as a key focus for the upcoming government.

By comparison, only 28% of those planning to retire later have a clear plan.

The 'lifetime' pension provider proposals were first mentioned in last year's Autumn Statement.