The upheaval caused by the Coronavirus pandemic has spurred many over 55s to change their retirement plans with 22% aiming to bring forward their retirement date.

A new survey has revealed 85% of respondents believed all DB schemes should allow partial transfers.

The tax collected from individuals breaching the Lifetime Allowance (LTA) has rocketed by £100m since it was introduced in 2006, with the latest figures showing that £110m in tax was collected from individuals exceeding the allowance during 2016/17, compared with less than £10m in 2006/7 when the LTA was introduced.

A retirement solutions and financial education provider has joined calls to retain the LISA (Lifetime ISA) despite Treasury Committee calls to kill off the ISA product.