PwC warns the austerity budget will cause job losses of 500,000 in both the public and private sectors.

Levels of knowledge about state pension entitlements are "limited" and "incomplete" among those who will rely solely or mostly on the government for retirement income, according to a DWP report.

Hargreaves Lansdown forecasts the government will cap pension tax relief at between 20% and 40% ahead of the Treasury's policy announcement on Thursday.

Scottish Widows, Irish Nationwide and Investec Bank have the best interest rates on their SIPP cash accounts but shopping around is essential, according to Defaqto.

The retirement income service launched by Annuity Clearing House (ACH) in June has had a positive reaction from advisers, chairman Peter Quinton says.

The government will today switch the inflation benchmark for pensions and benefits from RPI to CPI, potentially shaving millions off investors' savings.

Lowering the annual pension contribution allowance to £40,000 could persuade some middle-management public servants to take up career average schemes to avoid harsh tax penalties, pensions expert Tom McPhail says.

A third of people approaching retirement feel inflation poses the greatest risk to their pension pot, whilst long-term care was their second biggest concern, a survey from Sun Life of Canada found.

Smokers annuity rates rose in October after months of inactivity but RPI linked and level products were cut, according to Alexander Forbes Annuity Bureau.

Private sector pensions cost the taxpayer more than public sector pensions in 2007/08, Richard Murphy, founder of Tax Research LLP says.