Millions of older workers are unaware of how much they have saved for retirement, prompting fears that they will miss out on an opportunity to boost their retirement pots.

NatWest has completed its acquisition of a majority shareholding in workplace savings and pensions fintech Cushon.

More than a third of workers want higher pension contributions from their employers to help meet the impact rising costs will have on their standard of living.

One in four large employers (26%) have reported a rise in the number of employees actively opting out of their pension scheme, according to new research.