Investment provider and wealth manager Hargreaves Lansdown has called for the Lifetime Allowance to be scrapped as news emerges that it may be causing damage to the NHS by hitting GP numbers.

A quarter of a million NHS workers have opted out of the NHS pension scheme in the past three years, according to Freedom of Information data gathered by the Health Service Journal and Royal London.

NHS doctors, dentists, and teachers are being pushed into early retirement by lifetime allowance changes, Financial Planning firms have reported.