POLL: Do you trust Rachel Reeves with your pension?

Shadow Chancellor Mel Stride used his speech at the Conservative Party Conference this week to issue an ominous warning. Speaking to delegates, he warned nothing is safe under Labour adding: "Not your job, savings, or pension."

He added: "Labour spends more, taxes more, and blames others when things go wrong. Under them, nothing is safe - not your job, savings, or pension. "Only the Conservatives under new leadership will support business, control welfare, and live within our means to build a stronger economy." So what do you think? Vote in our poll and join the debate in the comments section. Can't see the poll below? Click here

Rachel Reeves is under immense pressure to address an estimated £30 billion black hole in the nation's finances ahead of the Autumn Budget.

Many believe that in order for her to maintain her fiscal rules, she will be left with no alternative but to raise taxes to address shortcomings in the public purse.

Others fear that the Chancellor could be enticed into a series of pension raids to increase Government revenue, a move that would likely be met with significant opposition.

The Chancellor has vowed not to raise income tax, VAT, or national insurance, leaving pensions as an area of opportunity for levies.

Analysts at LCP, including former pensioners minister Steve Webb have looked at potential options for the Chancellor to generate increased revenue.

Mr Webb said: "Raiding pension tax relief may look superficially attractive for a cash-strapped.

"But the political backlash against such reforms could easily echo previous 'Omnishambles' Budgets where a U-turn was made within a matter of weeks."

A report last year produced by the Institute for Fiscal Studies (IFS) found that cutting higher rates of pension tax relief could save the treasury £15 billion a year, "the vast majority of which would come from those who are in the top fifth of earners."

The scheme effectively ensures that no tax is paid on pension contributions and is designed to encourage people to save more for retirement.

Other potential options for the Chancellor include scrapping National Insurance exemptions for working pensioners and teenagers in order to save around £2 billion annually.

Currently, workers over the age of 66 are exempt from paying their own national insurance contributions, though their employers must continue to pay them.