Hargreaves Lansdown has given more time for a private equity consortium to firm up its £5.4bn offer for the company as its latest trading update revealed it had reached a record AUA of £155.3bn.

The cost of a moderate retirement income is £25,000 per year for a single person and £36,480 for a couple, according to the latest data from Hargreaves Lansdown’s Savings and Resilience Barometer, published today.

Women are more likely to vote for a political party that keeps the Triple Lock, cuts council tax or pledges to avoid increasing the state pension.

Lancaster Investment Management has criticised the potential £5.4bn takeover of Hargreaves Lansdown by a private equity consortium.