The Financial Services Compensation Scheme has declared 16 failed financial advisory firms in default, paving the way for consumers to receive compensation.

Hargreaves Lansdown believes that Autumn Statement documents hint that it is only a matter of time before pension tax relief will have to be targeted for cutbacks by the Chancellor.

The Personal Finance Society is becoming increasingly influential in shaping Government policy, the body’s chief executive said this morning.

Plans announced by Chancellor Philip Hammond in the Autumn Statement to bring QROPS and other overseas pension transfers into line with UK pensions will spark a “surge” in overseas transfers believes a leading offshore advice firm owner who supports the tightening up of the rules.

In a surprise move in his Autumn Statement, Chancellor Philip Hammond announced he would cut the money purchase annual allowance from £10,000 to £4,000 from April 2017 to stem the use of the facility to provide “double pension tax relief.”

The ABI has branded a new rise in Insurance Premium Tax as a “hammer blow for the hard pressed”.

A new 'market leading' 3-year savings bond was among the most eye-catching announcements at the Autumn Statement this afternoon.

Below is the Chancellor's full Autumn Statement speech.

Chancellor Phillip Hammond has said the Government’s task now is to prepare the economy to be resilient as Brexit looms.

A consultation looking at a new law to ban pension cold calls has been announced by the Government this afternoon.