Treasury

The Chancellor Gordon Brown is due to give his 10th Pre-Budget report this afternoon starting at around 12.30pm.

The Treasury has announced funding of £1.2m to provide extra enforcement teams to tackle the problem of illegal money lending as part of its work into promoting financial inclusion.

Ed Balls has weighed in on the debate over IFA commissions by offering his support for Financial Services Authority's review of distribution but suggesting most financial advice is "about selling products".

A handful of high profile MPs have written to the Treasury and the Financial Services Authority expressing support for Symponia's campaign to tighten the regulation of long-term care.

The Treasury Committee announced last week it wants to extend the Citizens Advice Bureaux's project of working with IFAs on a pro bono basis as part its work on promoting financial inclusion.

The Treasury is clawing back millions of pounds in tax from a government fund set up to help people whose occupational pension schemes collapsed, according to the Scotsman .

Joint proposals aimed at minimising the administrative burden on insurance groups operating in the EU have been put forward by the Financial Services Authority and the Treasury.

Over 40% of advisers think the Treasury will leave Alternatively Secured Pension as it is.

PAUL DAVIDSON, the entrepreneur known as The Plumber, intends to seek £5m in costs after the Financial Services and Markets Tribunal found he had been unreasonably treated by the Financial Services Authority, reports the Daily Telegraph.

The UK government's gilt issuing policy may not only be affecting annuity values but also the prospects of deferred members of pension schemes which are winding up.