Industry experts have expressed concern about the Government’s confirmation it will legislate to increase the age the Pension Freedoms can be accessed from 55 to 57 from 2028.

More than eight out of 10 financial advisers say that a ban on contingent charging will hit access to DB pensions advice, according to a survey.

UK inflation rose at the slowest pace in almost three years last month, with CPI inflation dropping from 1.7% to 1.5%.

Next month, those receiving the State Pension are likely to find out that their weekly payments will increase by 4% from April 2020.