Standard Life

Major pension providers have pledged to disclose charges and costs more clearly and consistently to people in workplace pension schemes.

The state pension system will be reformed and simplified to make sure it keeps pace with people living for longer.

Savers who have overpaid tax are being encouraged to claim back their share of a pot worth well over £200 million.

UK building societies have insisted they are still a safe haven for savers, despite a raft of major mutuals having their financial strength called into question this week.