Millions of older workers are unaware of how much they have saved for retirement, prompting fears that they will miss out on an opportunity to boost their retirement pots.

One in four large employers (26%) have reported a rise in the number of employees actively opting out of their pension scheme, according to new research.

NatWest is to acquire a majority shareholding in Cushon, the workplace savings and pensions fintech, for £144m.

Concerns about saving for retirement have reduced by 20% overall when compared to last year, according to a new report.