Pension provider Phoenix has confirmed that it is planning to launch a retirement advice service through its Standard Life brand although it has yet to reveal when.

As retirement ages get pushed back, new research suggests UK workers are far from confident that they will be able to do their job by the age of 70.

Six in ten millennials (59%) reckon their current life stage means they struggle to save for retirement, with only one in five (20%) saying paying into their pension is a priority.