Chancellor Jeremy Hunt told MPs today in his Spring Budget that Britain should avoid a recession this year.

Chancellor Jeremy Hunt shocked the pensions sector in his Budget today by announcing that he would 'scrap' the pensions Lifetime Allowance and increase the annual allowance from £40,000 to £60,000.

The annual ISA tax free savings allowance will be frozen at £20,000 for the 2023/24 tax year, according to Budget documents released today.

This is the full text of Chancellor Jeremy Hunt's Spring Budget 2023 to the House of Commons today.

The Financial Services Compensation Scheme has declared Cardiff-based pension firm The London Trading Company (UK) Ltd (FRN: 678985) in default.

Pensions and SIPP provider @SIPP has announced the death of its founder and chairman Colin Barral at the age of 64.

Wealth manager JM Finn has relocated its Yorkshire office after 20 years in Leeds to York to allow expansion as the team grows.

Wealth manager and Financial Planner Evelyn Partners has appointed Caroline Jarvis Gee as its new head of charity business development.

Adviser support network SimplyBiz has launched an online interactive ‘Horizon Scanner’, which it said is designed to keep firms up to date with the regulatory activities happening in 2023. 

Savings and retirement provider Phoenix Group saw assets under administration (AUA) fall 16% to £259bn last year from £310bn in 2021, after it made a pre-tax loss of £1.8bn.