The UK is facing a “serious retirement readiness gap”, according to research from Barnett Waddingham, which found that men are likely to live four years longer than they expect, while women are underestimating their lifespan by a “staggering” seven years

Most pensions savers do not know their retirement funds are invested in the markets, according to research from Hargreaves Lansdown (HL), which found that 40 per cent of people surveyed know that their pension was invested in the stock market

Three-quarters (76 per cent) of people over 50 believe risk appetite is an important factor when making decisions about their pension, and two out of five (41 per cent) expect to have a lower risk tolerance as they approach retirement, according to research from Standard Life

The government has outlined an indicative timeline for the next five years of pension reform, confirming that consultations and regulations for many of the initiatives included in the Pension Schemes Bill won’t be launched until 2027 at the earliest

The majority (83 per cent) of insurers and insurance asset managers believe the risk profiles of their investment portfolios will increase in the year ahead, with 20 per cent expecting a dramatic increase, research by Ortec Finance revealed

Concerns around the potential for the government to mandate pension investments have continued, with industry experts warning that certain details within the Pension Schemes Bill could be seen as "introducing mandation by the back door”