Two providers have criticised reports that a government minister wants to open the door to first time buyers being allowed to tap their pension early to get on the housing ladder.

Fears of a Halloween Brexit horror story for pensions have been raised by AJ Bell.

Thousands of pension savers have breached lifetime allowance ‘protections’ in the past 12 years, potentially landing themselves with tax bills running into hundreds of thousands of pounds.

New figures have revealed a continued decline in pension transfer volumes across the market.