With any detail regarding pension tax allowances missing from the Labour Party manifesto, retirees could see a Labour government cut back allowances to raise funds, according to pensions industry experts.

Financial Planning firm Quilter has hit out at the Labour Party following the launch of its manifesto, claiming the party’s tax plans would hit self-employed workers.

Labour’s Election Manifesto, unveiled today, promises a maximum State Pension Age of 66 and opens the door to some workers in ‘arduous’ jobs retiring earlier.