As auto-enrolment minimum contributions are set to rise from 5% to 8% in April, new analysis show has shown the cost of opting out of a workplace pension scheme.

UK inflation fell to 2.1% in December, from 2.3% the previous month, according to the Office for National Statistics (ONS).

A new savings scheme for people on low incomes has been launched by the Government and offers a 50% bonus.

UK inflation rose to 2.5% in July, after holding steady at 2.4% in the previous three months.