Pension experts have criticised the Conservatives' pledge to raise the tax-free pension allowance via a ‘Triple Lock Plus’ if they win the general election.

Financial Planners are currently unconcerned about any shorter-term impacts hitting clients following the announcement of a UK General Election to be held on 4 July.

Chancellor Sajid Javid will unveil a Budget on 6 November, a few days after the UK is due to leave the European Union.

A former Conservative Minister has blamed the party’s manifesto for its election failure, describing it as “badly thought through”.