Savers could be in line for a pension pot boost of as much as 30% this year with further rises on the way, new analysis by Aviva has shown.

The DWP will fine pension schemes up to £50,000 if they fail to disclose their fees and charges from April, the DWP announced in a package of proposals today.

The Department for Work and Pensions has launched a Green Paper to consult on significant proposed changes to workplace Defined Benefit pensions which cover 11m people.

Bristol-based investment company Hargreaves Lansdown says it believes that a DWP consultation paper on occupational pensions, due to be published imminently, will mean a major shake up to workplace pensions.