Almost four in 10 Gen Xers (38%) aren’t at all confident their future pension savings would be adequate to secure a good standard of living in retirement, according to research.

Around one in 10 retirees (8%) aged 55 or older who had taken money from their pension pot before reaching State Pension age regret it, according to research.

Women may need to work, on average, an extra 19 years beyond the age men retire or contribute at a higher rate to bridge the current gender pension gap themselves.