Seven of the UK’s government and regulatory bodies with responsibility for pensions have launched a rare joint initiative aimed at tackling consumers’ rising anxiety over their savings during the Covid-19 downturn.

The Financial Conduct Authority, the department for work and pensions, the Pension Protection Fund, the Financial Services Compensation Scheme, the Money and Pensions Service, the Pensions Regulator and the Pensions Ombudsman, announced the publication of the Covid-19 pensions guide in a statement on 27 May.