By Laura McGuire Labour has reportedly abandoned plans to bring back the lifetime pensions allowance, in a move which will boost some of Britain’s most wealthiest earners. Shadow chancellor Rachel Reeves has supposedly dropped the proposal from Labour’s manifesto following fears it would confuse savers and be difficult to reintroduce, sources told The Financial Times. In his budget last year, chancellor Jeremy Hunt ditched the lifetime pensions allowance, which was the total amount workers can build up in all their pension savings without incurring a tax charge. The move, which came into effec…