Industry experts have praised HMRC's decision will do a U-turn on plans to impose a new pensions death tax on pension scheme members who die before the age of 75.

Pensions could become more like a bank account into which different employers have to pay, under a shake-up expected in the Autumn Statement.

There is no doubt that hanging up your jacket and finally retiring to a life of blissful days and ignoring the morning alarm clock has become more difficult over the last few years.

New research suggests that 43% of advised clients expect to work past standard retirement age and 29% are actively considering retiring overseas.