HMRC has said that it intends to issue a second set of regulations changing the legislation governing the lifetime allowance abolition.

The FCA’s thematic review - which investigated how firms were providing retirement income advice - has demonstrated the value of a good Financial Planner, according to financial professionals.

A decade on from George Osborne’s ‘Pension Freedoms’ Budget bombshell announcement in 2014, the latest HMRC data showed that £70bn of retirement cash has since been accessed flexibly by British savers.

UK retail savers took £24.3bn out of investment funds in 2023, according to the latest data from the Investment Association.