The aggregate surplus of DB pension schemes fell to £215.5bn at the end of March, according to the latest Pension Protection Fund (PPF) 7800 Index.

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.

One in seven retirees is returning to work as financial pressures, a lack of pension provision and social needs drive them to 'unretire', according to new research.