The 12 month CPI rate of inflation - the most widely used inflation measure - spiked up in January to 3% from 2.5% in December.

Higher inflation data for non-retired households released today by the Office for National Statistics could put pressure on the pensions Triple Lock pledge, according to consultancy Broadstone.

In December 2022, the Financial Conduct Authority (FCA) released a Policy Statement entitled: “Improving Outcomes in Non-Workplace Pensions."

Glasgow-based pensions firm @SIPP is boosting the pay of its non-managerial staff by £350 per month to help them cope with the cost of living crisis.

Three quarters (73%) of retirement savers either can’t afford to retire or were unsure if they could afford to retire, according to a new report.

The Pensions and Lifetime Savings Association - the trade body that represents 1,300 pension schemes with 20m members - has joined the chorus of concern about the Government’s potential axing of the Retail Prices Index (RPI), the measure used to decide many annual pension increases.

Chancellor Rishi Sunak has extended the consultation on scrapping the RPI inflation measure by four months to August.