Underlying profits at Mattioli Woods were up by over a quarter to £2.5m and total client assets rose to £3.2bn in the six months to November last year show.

MPs have called on the Chancellor to return to giving just one Budget statement a year.

RETIREMENT

The maximum income which can be taken through income drawdown will increase from 100% to 120% of GAD from 26 March.

A medical research tax avoidance scheme, promoted by Matrix Securities, has been successfully challenged in court by HM Revenue & Customs (HMRC).

The Office of Fair Trading (OFT) has launched an investigation into the value for money of workplace defined contribution (DC) pensions schemes.

HM Revenue & Customs (HMRC) is to hire an additional 100 inspectors dedicated to making sure wealthy people pay enough tax.

Retirees looking to achieve the £144 per week flat-rate state pension level with an annuity purchase today would need a pension pot totalling £130,000, according to analysis from Prudential.

Pensions minister Steve Webb has confirmed the details of the coalition's overhaul of the basic state pension.

Aviva Investors has introduced Retail Distribution Review (RDR)-ready share classes for a range of its most popular funds to cater for the needs of UK advisers and intermediaries.