More than £50bn in pensions are at risk of being lost as workers change jobs more often and lose track of their pensions, according to new research from the Centre for Economics and Business Research.

Retirement spending funded by equity release is set to rise above £4bn in 2022, according to a new report.

Economic think-tank the Centre for Economics and Business Research (Cebr) has forecast that the Bank of England base rate may not increase until 2016. It has been at 0.5 per cent since March 2009.