Potential cuts are ‘firmly on the agenda’, former pensions minister Steve Webb warns.

Only 12,379 cases with arrears have been identified, resulting in payments of £104m – about a tenth of the original estimate.

These retirees face a 'triple whammy' due to the knock-on impact of tax rates on savings and capital gains.

Six in every hundred state pensioners are being underpaid.

Blended approaches that combine pension drawdown strategies with a later-life annuity should become the norm, the report says.

Half of UK households expect to require housing wealth to fund their desired later life living standards.

The report outlines major concerns for Gen Z, low to middle-income earners and self-employed workers.

The SPP says it is possible that some DC savers may see a reduction in retirement income of up to 20%.

Legislation shortly to be presented to Parliament will place a legal duty on pension providers to offer a ‘default’ post-retirement journey.

The digital annuities application will save intermediaries 14 days on each application.