The Department for Work and Pensions has said that 12.5mn people are under-saving for retirement, prompting providers to call for further pension reforms.

The Pensions Regulator and the Financial Conduct Authority want the industry to look "beyond narrow compliance" and consider consumer outcomes.

Two former trustees will appear before court as part of a prosecution brought by the Pensions Regulator over allegations that the pair made illegal loans and investments.

Trustees of the BWFS Occupational Pension Scheme were found to have committed “multiple breaches of trust and many acts of maladministration” by the Pensions Ombudsman.

On the go: Chancellor Jeremy Hunt says he is “not making any commitments” on the pensions triple lock, just weeks after his predecessor Kwasi Kwarteng reiterated the government’s commitment to this safeguard.

On the go: The number of pension pots accessed for the first time in 2021-22 jumped by 18 per cent, according to new figures from the Financial Conduct Authority.

On the go: Younger generations could be encouraged to save more for the long term if they were allowed to dip into their retirement savings early in order to cover urgent, essential expenditure.

Aviva’s application to strike out a £3.5mn professional negligence claim, allegedly due to an administrator missing the window to equalise men and women retirement ages in a scheme, has been dismissed by the High Court.

On the go: The prime minister has reportedly agreed to step down after a dramatic few days of resignations.

Pensions minister Guy Opperman has resigned, becoming the 51st MP to quit their government role as calls grow louder for the UK prime minister’s leadership to end.