Nine in 10 (92%) pension savers would retire earlier than they planned if they were able to save enough to quit work and live comfortably, according to new research.

Pension schemes and providers must know where AI is being used and need clear governance in place, workplace pension provider Penfold has urged.

Three-quarters, 74%, of savers are unaware that their pension pots will become subject to inheritance tax in 2027, according to a new snap survey from workplace pension provider Penfold.

There’s a comprehension gap in workplace pension communication, with more than a third (37%) of UK employees claiming their workplace pension scheme was either not clearly explained to them or they had no memory of any explanation.

The majority of UK workers reckon a strong pension is more important than flexible working, bonuses, healthcare and lifestyle perks when joining a new company.

Higher earners are missing out on hundreds of millions of pounds in unclaimed pension tax relief each year, according to digital pension provider Penfold.