The £1.5m lifetime allowance on pension saving should be scrapped as it is a barrier to effective long term retirement saving, a provider has said.

BT chairman Sir Mike Rake has pulled out of the race to be the next chairman of Barclays, according to reports.

Government plans to crackdown on aggressive tax avoidance schemes by forcing companies to hand over details of wealthy clients using the set ups.

Pensions minister Steve Webb has announced a clampdown on unfair pension fees which have 'torn the heart' out of savers' retirement funds.

European Commissioners are set to make interest rate rigging a criminal offence after the LIBOR scandal, according to reports.

At least $21trn of unreported private wealth was being hidden in secret tax havens at the end of 2010 by the world's super rich, a major study has revealed.

Amendments should be made to the Financial Services Bill to ensure the Financial Conduct Authority (FCA) properly promotes UK financial services in the global market, a think tank has said.

More than half higher rate taxpayers are failing to claim full 40% tax relief on their pension contributions, research commissioned by Prudential has found.

PENSIONS

The 400,000 people who have dropped out of personal pension saving since 2008 are unlikely to make up the contributions later in life and will face reduced income in retirement, Axa Wealth has warned.