New research from wealth management and Financial Planning group Tilney has revealed that most people remain in the dark about what to do with their pensions on retirement but most still want the ‘certainty’ of an annuity-style income.

New research by wealth management firm Tilney has revealed many people’s retirement preparations are in disarray with nearly one in five UK adults admitting they have lost track of at least one pension pot.

New research painted a “worrying” picture of the nation’s personal finances, revealing that that over a third of adults are currently not saving anything whatsoever towards their retirement.