Labour MP Emma Reynolds has been appointed as the new Pensions Minister in a joint ministerial role working across both the Treasury and the Department for Work and Pensions (DWP).

Financial Planner and wealth manager Quilter has urged the DWP to take urgent action to resolve pension transfer issues a year after the department’s review of regulations.

Inaccurate national insurance records have led to state pensioners missing out on £470m due to them, according to new data published by the Department for Work and Pensions.

The National Audit Office has warned that a rise in supplier costs and the delivery timetable being extended by two years have increased the government’s Pensions Dashboards programme’s estimated cost by 23%.