Trustees of the unnamed scheme chose to make a 3% Bitcoin allocation.

Reeves says stricter rules on inheritance tax will raise more than £2bn.

The government says it is fast-tracking plans to modernise its pensions system by broadening access to Collective Defined Contribution schemes. 

The reconsideration could switch the focus back towards capital gains tax and inheritance tax.

Advisers discussed potential changes to CGT, pension tax relief and business taxes.