UK pension savers paid 11% less into workplace defined contribution pension schemes as the Coronavirus pandemic hit the UK, according to new data from the Office for National Statistics (ONS).

A third (32%) of UK adults with a pension do not know how it works or where it is being held, according to new research.

The FCA wants improvements in the ‘value for money’ members of workplace pensions receive.

The Trades Union Congress, the union umbrella body, says auto-enrolment must be extended to all employees to avoid “injustice.”