Advisers have reported a significant jump in clients seeking advice since the sweeping reforms to pensions were announced in March.

Pensioners who are unable to get regulated financial advice are "at risk" when the Budget reforms take effect next year, a pensions firm boss has said.

A Financial Planning firm has hit out at the costs facing advisers to fund the new retirement service pledged by the Government in the Budget, labelling it the 'guidance tax'.

The latest annuity data has suggested customers with smaller pension pots have immediately started to use the new freedoms to take their cash lump sum, according to the ABI.