More than one in four pension savers (28%) nearing retirement say they have seen a financial adviser or wealth manager in the past or do so currently, according to new research.

Chancellor Rachel Reeves has promised “transformational change” to advice and guidance in a sweeping series of financial services reforms announced in her Mansion House speech last night.

Financial Planners and advisers have very high confidence in the service they provide their clients but are much less impressed by some issues that are not in their immediate control.