What is Jeremy Hunt’s pensions giveaway and who gains most?

Chancellor's changes have been criticised as a multibillion-pound handout to Britain's wealthiest

Jeremy Hunt's multibillion-pound tax giveaway to Britain's wealthiest pension savers is coming under fire from various quarters, with Labour vowing to reverse the move andothers saying it is like using a sledgehammer to crack a nut.

Financial firms have said the changes to pension allowances could let high earners who can afford it build up pension pots worth as much as 9m while enjoying the full tax benefits.