A new policy paper from Royal London predicts ‘safety first’ policies on pensions in the manifestos of the major political parties.

Former Work and Pensions Secretary Amber Rudd and Nicky Morgan, who recently chaired the House of Commons Treasury Select Committee, are to stand down and not contest their seats in the upcoming General Election.

Leading Financial Planners say that the Conservatives recently dwindling fortunes in the polls meant that the election result was far from the shock some experts have said and that a Conservative-led coalition remains likely to try to push through current financial reforms as best it can.

Financial services providers have given an overwhelmingly negative reaction to the general election which has resulted in a hung parliament today.