Pension scheme surpluses have started the new year on a high despite increases in their liability, according to estimates from XPS Pensions Group.

Pensions Minister Paul Maynard MP has been referred to an investigator by the Parliamentary expenses watchdog over reports that he charged taxpayers when producing political materials.

Anthony Arter CBE has been appointed as interim chair of The Pensions Ombudsman (TPO) to replace Caroline Rookes who died in October.

Chancellor Jeremy Hunt’s National Insurance (NI) cuts, which come into effect on Saturday, could hit the future funding of the state pension and current triple lock.

A former pension scheme trustee has been given a 10-month jail term, suspended for 12 months, after admitting using scheme funds to make five prohibited loans to entities connected to the scheme’s sponsoring employer.

Increasing numbers of over-50s are turning to self-employment to help boost their retirement savings, according to new figures.