The National Association of Pension Funds, the UK industry trade body which represents more than 1,300 pension schemes and £900 billion of assets, has changed its name in a bid to better reflect the “blurring” of the retirement landscape.

The organisation revealed at its annual conference on October 15 that it would become the Pensions and Lifetime Savings Association, in a bid to expand its traditional pension scheme member roots to include a broader spectrum of savers. The renamed group will aim to "help everyone achieve a better income in retirement", the PLSA said in a statement.