Leading industry pensions and advice sector experts have welcomed Labour’s victory as a chance to push forward some key financial reforms but some have raised questions about the clarity of Labour's pension and advice priorities.

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.

The Labour Party has promised to carry out a review of the UK pensions landscape in its manifesto released today.

The Labour Party may abandon its pledge to reinstate the pensions lifetime allowance (LTA), according to a report in the FT today.