Savers aged 60 and over with less than £2,000 in a personal pension pot will be able to take their whole pension as a lump sum, the government has confirmed in the draft Finance Bill.
More than 100 employers around the UK have agreed to enrol some of their staff in the new national top-up pension scheme known as NEST - the National Employment Savings Trust.
Public confidence in pensions has hit a record low amid the ongoing economic uncertainty, according to the National Association of Pension Funds (NAPF).
