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 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.

Platform Transact has embargoed staff leave for several weeks to cope with the end of tax year rush.

The FCA has approved the first Long Term Asset Fund (LTAF) with Schroders becoming the inaugural provider.

The Money Purchase Annual Allowance (MPAA) has created a pensions tax trap for millions of people aged over 55, according to new research.