The Financial Planning sector is waiting with baited breath to hear if there will be any major announces from the Government today in the Autumn Statement.

You can follow the announcement live, as it happens, here on Financial Planning Today via our live blog.

The Autumn Statement takes place at about 12:30pm, after Prime Minister's Questions in the Commons.

Although there have been a number of reports about what to expect from new Chancellor Phillip Hammond, as yet there have been no suggestions of more significant changes in the area of savings and pensions.

However, a ban on pension cold calls, following a campaign led by Chartered Financial Planner Darren Cooke, is anticipated to be in the offing.

Mr Cooke told FP Today this week: “If all we get are the basics of what’s been announced so far, that will be fantastic and dramatically reduce the number of people being scammed.”

This move was welcomed by Calum Bennie of Scottish Friendly, who said: “People who’ve worked and saved all their adult lives are left devastated when they find out their hard-earned pension fund investments have been taken. It’s a gut-wrenching situation for people to find themselves in and the steps we expect the Government to take to ban and fine any companies making unsolicited contact with pension savers will go some way to stopping the charlatans out there.”

The Lifetime ISA, announced by pervious Chancellor George Osborne at the Budget earlier this year has proved unpopular in and around the pensions industry, with many calling for it to be scrapped.

But Darren Cornish, director of customer experience at The Share Centre, hopes it survives.

He said: “The Lifetime ISA is a golden opportunity to encourage younger people to invest for their future, often with the support of their family. We have already had strong levels of interest expressed by parents and grandparents who invest through The Share Centre and who see the LISA as perfect for helping the younger generations of their family get started on their own investing plans.

“Instead of rowing back on the Lifetime ISA, as some reports suggest the Chancellor is considering, we would urge him to reiterate the Government’s commitment to launching it in April 2017.”

Borrowing and growth figures are also expected in the first major economic statement since the Brexit vote.