The National Audit Office has warned that a rise in supplier costs and the delivery timetable being extended by two years have increased the government’s Pensions Dashboards programme’s estimated cost by 23%.

The National Audit Office, the UK’s independent public spending watchdog, is to investigate the FCA’s handling of the British Steel Pension Scheme restructuring.

The FCA has welcomed today’s National Audit Office report on protecting consumers.

The State Pension is not fit for purpose and should be replaced with a Workplace ISA and a new residency-based Senior Citizens’ Pension, a think tank says.