The annual cost of a comfortable retirement has increased by nearly a fifth in the last two years as average spending by retired households climbs to £23,675 a year, new analysis of the latest Government data has shown.

British workers don’t understand how the State Pension works, while many struggle on even the basic aspects of how the state retirement system works, according to a new report.

New research underlines the gender pension gap by highlighting that women are much likely to pay the minimum amount into their auto-enrolment pension than men.

Fairness in pensions is very important, particularly when it comes to the State Pension. It is sadly, increasingly missing from Government pension policy.