The number of pension pots accessed by pension savers for the first time surged 18% in 2021/22, new Financial Conduct Authority data reveals.

Responsible investment fund flows increased to £1.8bn of net retail sales in November (October £1.5bn), according to new data from the Investment Association.

The Pension Schemes Act received Royal Assent today creating new laws covering areas including defined benefit scheme protections, pensions dashboards and climate change.

Almost £10bn was transferred out of defined benefit pensions in the final quarter of 2019, according to official data.