The increasing number of adult children living with their mum and dad could be sapping their parents' savings and affecting their plans for retirement, a think tank has warned.

A new third kind of ISA could be created under plans to reform the savings system, the Treasury has announced this morning.

The much rumoured takeover of Quilter Cheviot by Old Mutual Wealth, which had been played down over the last month by the two companies will indeed go ahead, it was confirmed this morning.

An investment firm has launched a new service to help its clients reduce their Inheritance Tax liability as far as possible.

An independent retirement savings commission should be created to put the long term interests of savers at the heart of pensions policy, according to The National Association of Pension Funds.

The pension reforms risk creating another PPI-style scandal, a financial services firm's founder says.

The Prime Minister has hinted that the Conservative party may try to push forward with a pledge made in 2010 to increase the inheritance tax threshold to £1million before next May's General Election.

A leading pensions expert has supported the idea of pensions that work like bank accounts.

Cash from criminals is being used to stop the public, particularly pensioners, falling prey to 'sophisticated' investment fraudsters.

The Chancellor has announced that savers will get greater freedom over taking their tax-free lump sum from their pension pot – in a move already being described by some as turning pensions into bank accounts.