The restricted remit of the new Pensions Commission will limit its ability to deal with the scale of the problem, according to LCP partner and former Pensions Minister Steve Webb.

Pension providers have been urged to find out more about post-retirement spending as new research suggests homeowners’ and renters’ drawdown habits are very different.

HMRC is to reform the much-criticised system it uses to apply emergency tax codes to pension lump sum withdrawals.

The Parliamentary Ombudsman has launched an investigation into State Pension underpayments to tens of thousands of married women.

Chancellor Rachel Reeves is likely to take a close look at pension tax relief as she looks at ways to raise money for the Treasury in her first Budget next month, consultants LCP have warned.