The Confederation of British Industry (CBI) has issued a warning over Chancellor George Osborne's plans for the UK to "go it alone" on corporate tax reform.

The government could face a fresh mis-selling scandal if it fails to prepare for its guidance service, Chris Williams, CEO of Wealth Horizon has said following the Autumn Statement.

The Chancellor will raise the personal allowance threshold to £10,600 in the next year, £100 more than initially planned.

The amount of profit in UK banks that can be offset by losses carried forward will be limited to 50%, and relief on bad debts delayed, the Chancellor has announced.

The government is to do away with the existing 'single slab' approach to stamp duty on residential property purchases, introducing a new tiered charge from 4 December.

George Osborne has announced a 25% levy on profits made in the UK by multi-national companies but diverted elsewhere.

Small businesses have had the relief on their annual business rates doubled for the next year.

The Financial Services Compensation Scheme (FSCS) has recovered £100m from the estate of failed traded life settlement firm Keydata, and the advisers who mis-sold it, and will rebate half the sum to fund management levy payers.

Aegon is overhauling its funds for workplace pensions to offer equity-heavy multi-asset plans, in a move away from the industry standard of switching those nearing retirement into ‘safe-haven' cash and gilts.

Aviva has agreed to buy Friends Life for £5.6bn in a deal that will create the UK's largest insurance, savings and asset management firm.