The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) have called on Government to boost UK growth through greater pension investment in four key areas.

The FCA is to consult in the Spring on introducing a new ‘value for money’ requirement for defined contribution pension schemes.

The Financial Conduct Authority and The Pensions Regulator have published a joint discussion paper on building a common framework for measuring value for money in DC pension schemes.

The DWP is set to "nudge" more DC pension savers to get guidance from Pension Wise - the government consumer help service - when they near taking pension benefits.