Seniors raiding retirement pots to beat Reeves' IHT

More than half of over-45s with pension pots worth at least £300,000 say they now plan to spend more of their pension rather than risk passing a large chunk of it to HMRC on death, according to a survey by wealth manager RBC Brewin Dolphin.

Of those, three-quarters intend to use the money to fund holidays, which is triggering a boom in long-haul travel bookings.