After a decline in annuity sales following the pension freedoms, the market seems to have levelled off with purchases accounting for around 10 per cent of total market share, according to the Pensions Policy Institute. 

On the go: The civil service and related public sector areas are set to vote on industrial action over pay, pensions and redundancy terms this autumn. 

More than six in 10 FTSE 350 defined benefit scheme sponsors have reported a pensions accounting surplus as at the end of 2021, while the aggregate surplus has almost doubled in the past months.

Uncertainty over the forthcoming changes in the Pensions Regulator’s new single code of practice is causing anxiety among trustees, as they expect it to have a huge impact on their time and resources.

Individuals aged 62 to 80 and couples typically spend more in retirement, dispelling the assumption that spending decreases in later life, according to research by the Institute for Fiscal Studies.

The income gap between men and women in retirement has reached 38 per cent, more than twice the level of the gender pay gap, as women continue to be at a disadvantage in their later years.

The perception of the Pensions Regulator’s performance quality diminished last year, according to the watchdog’s ‘Perceptions of TPR’ report.

The Pensions Administration Standards Association has published a new cyber crime checklist, advising administrators to keep up to speed with legislation and assess their vulnerabilities to cyber attacks amid a spike in online criminal activity.

On the go: Pension trustees have been urged to be vigilant after businesses experienced an increase in cyber attacks and data breaches over the past year, as cyber criminals upped their game during the shift towards homeworking.

On the go: The UK government is exploring ways to increase the mobilisation of public and private investment to achieve 2030 climate and nature targets in emerging and developing economies, having launched a call for evidence on May 12.