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.

Sir Steve Webb, the former pensions ministers, has warned that Labour Party plans for reduced state pensions at 64 “face serious practical obstacles.”