The Chancellor risks a new ‘Omnishambles’ Budget if she raids pension tax relief, a new report warns.

Graduates that top up their pension contributions by just 1% per month from the start of their career could build up an extra £26,000 in their retirement pot.

Around 60,000 investors claimed refunds in 2023-24.

The increase is likely to cause more pensioners to be liable for income tax given.

The guaranteed fixed term income plan is part of Aviva’s strategic transformation programme for its annuity business.

Key highlights the need for specialist advice on tax and income risks when gifting from pensions and property.

Dr Suzy Morrissey has been appointed by DWP to prepare an independent report ahead of the review.

Advisers are urged to focus on the Consumer Duty challenge posed by the inclusion of unused pension funds in estates.

From 6 April 2027, most unused pension funds and death benefits will be included in the value of an individual’s estate for IHT purposes.

BWS intends for Blumont and Just to operate as a single, consolidated insurance group under the Just brand.