Collective Defined Contributions (CDC), a new type of pension scheme, have been officially launched today.

The Government is to invest £5m in expanding its mid-life MOTs for people which include a review of financial affairs and retirement plans.

Former Pensions Minister Sir Steve Webb, now a partner at pensions consultancy LCP, has urged the Department for Work and Pensions to ‘come clean’ over the scale and nature of a new round of state pension errors.

The Department for Work and Pensions (DWP) has called for views on decumulation and helping savers understand their pension choices.