Pensions

Pension providers will be required to check whether or not customers buying their products have already taken advice on their options under rules set out by the City regulator to help people make the most of their retirement savings freedoms from next year.

People aged over 55 will be able to dip into their pension pot like a bank account as part of the Government's drive to give people greater freedom over retirement savings.

Savers will be able to pass on money in their pension pot tax free to their children and grandchildren upon their death, after Chancellor George Osborne announced that he will abolish a 55% penalty tax for some groups.

If you delay claiming your state pension, you'll gain less if you do it after April 2016 under new proposals announced by the Government.

From next April millions of people will be able to get free, impartial guidance on how to make the most of their retirement savings.

Plans for giant "pooled" pension schemes which could boost people's chances of getting a better retirement income have been unveiled in the Queen's Speech, while a 5p charge for plastic bags will also be introduced in England.

A slice of up to £3 billion worth of 'lost' pensions could be yours – and most are easy to trace and reclaim. If you need inspiration, look no further than one MoneySaver who found £39,000.

Pensioners will be able to buy top-ups of as much as £25 in extra state pension per week from autumn next year under Government plans.