Leading industry pensions expert Andrew Tully, technical director at Canada Life, has castigated Labour’s plan to reverse the scrapping of the Lifetime Allowance (LTA).

Today’s Budget brought a generally positive reaction from Financial Planners and industry professionals, especially on pensions, but there was disappointment that many reforms would only help a minority of people.

Pensions tax free cash will be capped at £268,275 despite the scrapping of the pensions Lifetime Allowance (LTA).

Platform Transact has warned clients and advisers to avoid posting high value client cheques after a number were intercepted by fraudsters.

Rapidly expanding wealth manager and Financial Planner Kingswood Holdings has warned that 2022 revenue is likely to be down 3.9% year on year to £143.6m.

The number of early retirees fell to 1.1m in the period November to January - down 7% in six months.

Platform and investment analyst Fundscape predicts that 2023 will be another tough year for platforms after a dismal 2022.

Expanding South Coast-based wealth manager and adviser firm Skerritts Group has acquired Horsham-based Financial Planner Mercier Allen & Associates.

Increasing the Lifetime Allowance (LTA) to £1.8m - a move predicted by some experts for tomorrow's Budget - could lead to a surge in business for financial advisers, a former Pensions Minister has predicted.

Chancellor Jeremy Hunt is expected to deliver a 'Back to Work' Budget at lunchtime today when he unveils his first Budget since becoming Chancellor.