The risks associated with income drawdown remain despite moves to ease pressure on pensioners in the Autumn Statement, providers have warned.

The chancellor's move to cut pension tax relief from £50,000 a year to £40,000 sends a confusing message to pension savers, commentators have said.

The Chancellor has announced cuts to pensions tax relief from 2014/15, meaning individuals will only be able to put away £40,000 annually free of tax.

Log on to IFAonline from 12.30pm as we bring you measure-by-measure coverage as Chancellor George Osborne makes his statement to the House of Commons.

Reinsurer Swiss Re could be on the hook for $1bn in damages over a life insurance deal agreed with Warren Buffett's Berkshire Hathaway conglomerate, according to reports.

The former chairman of collapsed lender HBOS was berated by MPs and peers yesterday and accused of being "either delusional or dishonest", The Times reports.

Chancellor George Osborne is set to announce austerity measures will be extended into 2018 and banks will face more tax in a "bleak" Autumn Statement, according to reports.

Scottish Life has launched its online auto-enrolment proposition, designed to help advisers boost their corporate business.

Professional Adviser and IFAonline reader David Horsey, of Target Wealth Management, has won the Investec Structured Products sports kit competition.

Colin Jelley, St James's Place divisional director of private clients, has left the business.