Former Pensions Minister Sir Steve Webb, now a consultant at pensions firm LCP, says that papers published alongside today’s Budget reveal a “mind numbing” £3bn repayment to underpaid women on state pensions.

The improvements in public finances make it less likely the Chancellor will be forced to raid pensions in the autumn, believes former Pensions Minister and Royal London director of policy Steve Webb.

Royal London’s director of policy Steve Webb, a former pension minister, believes that HMRC is “out of control” when it comes to over-taxing savers using pensions income withdrawal or buying a second home.

Two former Pensions Ministers have voiced strong support for independent financial advice being offered as an integral party of "everybody's" retirement planning.