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.

Some of advisers’ concerns about the FOS have been based on misunderstanding, a trade body says, as it released a new guide to help members deal with the Ombudsman.

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.

The Autumn Statement begins at about 12:30pm this afternoon and you can follow it live as it happens here on Financial Planning Today.