Nearly half of Financial Planners (49%) who offer retirement advice report that recent pension tax allowance changes have spurred a boom in demand for advice, according to a new study.

Pension experts have called for pension tax reform to help meet Chancellor Jeremy Hunt's call to get more people back into work, including older workers, to help Britain.

HMRC returned £115.6m in overpaid emergency pension tax in the 2020/21 tax year.