Men are likely to live four years longer than they expected, while women could be underestimating their lifespan by a staggering seven years, according to new analysis.

The Pensions Regulator (TPR) says it expects DB schemes to switch their focus from deficit recovery to ‘endgame planning’.

Pensions and Sipp consultancy Barnett Waddingham has been acquired by insurance intermediary and benefits firm Howden for an undisclosed sum.

Older people are less prepared for retirement shocks such as ill-health, relationship woes or urgent financial support needs from their wider family, according to new research.

Whilst the majority of UK workers between the age of 43 and 58 have clear aspirations for their retirement, only 12% have clear financial goals and a budget for retirement, according to a new report.