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Lib Dem Steve Webb's appointment as pensions minister has raised fears his party's stance on higher rate tax relief on pensions could see the benefit scrapped.

The computer contract for administering the National Employment Savings Trust - signed by the Labour government just months before they left office - will be re-examined, David Laws says.

Liberal Democrat MP Steve Webb has been appointed as pensions minister to serve under Iain Duncan Smith at the DWP.

Advisers have been left angry and anxious about their prospects of passing a CII exam because of an apparent ambiguous question worth more than a tenth of the overall marks.

Chris Grayling looks set to be named as the new pensions minister under the new Con-Lib coalition Government.

Advisers are split over the impact of the Tory u-turn on a planned rise in the inheritance tax (IHT) threshold, which was a casualty of the Con-Lib coalition negotiations.

Property values may have increased by 106% in the past decade but inheritance tax thresholds have not. Jonathan Gain of Stellar Asset Management looks at why IHT planning should be a high priority for clients of all ages

Advisers have warned a significant number of their drawdown clients will be stuck in poor value pension schemes for years to avoid a 55% tax penalty the HMRC assured providers "wouldn't be an issue".

Former Tory party leader Iain Duncan Smith was this afternoon confirmed as the secretary of state for work and pensions in the David Cameron-led coalition Government.

Nigel Waterson says he is "very disappointed" after being ousted from his Eastbourne seat of 18 years.