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New figures have revealed that around 60,000 people claimed a refund on emergency tax on pensions in 2023-24 - an increase of around 20% on the previous year.

More than 40m pension records have connected to the Pensions Dashboards ecosystem since April.

The State Pension could climb by more than £550 next year thanks to the triple lock, as earnings growth outpaces inflation.

Six people were due to appear in court this week over a pension fund and SIPP fraud which involved £75m being invested in storage units in the North of England and Scotland.

Chancellor Rachel Reeves is reportedly considering cutting the tax-free pension commencement lump sum in a bid to save more than £2bn a year for the Treasury.

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