A fifth of people (19%) with multiple pensions think they’ve lost track of at least one of their retirement savings pots, according to new research from Standard Life.

Retirement and insurance firm Phoenix Group, owner of Standard Life, has scrapped plans to sell its over-50s insurance specialist Sun Life.

Standard Life has launched a new blended income/maturity value, retirement-focused product designed to help early retirees bridge the gap between scaling back work and the State Pension.