BT Group has acquired TalkTalk Telecommunications and PlatformX Communications (PXC) out of administration on a debt-free basis, securing continuity of broadband services for around 2.5 million customers in an "unprecedented situation".

The deal was completed overnight following a settlement with TalkTalk’s largest lender, Ares Management, which BT agreed to pay around £100m to resolve the weekend impasse with creditors and avoid a potentially prolonged legal dispute.

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.