Retirees are set to receive an 8.5% increase to their State Pension from April next year as CPI inflation held steady at 6.7% for the year ending September.

There has been a clamour of calls from the financial services sector this week for politicians to end the continuing uncertainty over the future of the state pension Triple Lock.

Pensions and retirement provider Aegon has called for the Government, employers and pensions industry to work together to rethink life after 50.

Nationwide Building Society will transfer its Financial Planning service to Aegon UK in a new extended strategic partnership Following a strategic review by the mutual.