25% of pension transfer assessments in Q1 2023 raised red flag
Transfer values rose by 4% to £175,000 as a result of a fall in gilt yields
Majority of those over 55 unsure of what savings they have for retirement
Standard aims to provide low income workers with sufficient income levels in retirement
PensionBee finds women of nearly all ages have increased their average contributions
IFS finds employees do not capitalise on opportunities to boost savings
Slight increase is result of rise in inflationary expectations and fall in gilt yields
Government seeks to develop metrics to assess progress to tackle gender pensions gap
IFS says current system gives advantages to high earners
'The tools can help them make a better informed decision'