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The government does not intend to permit those wishing to cash in their annuities to sell them back to their existing provider, it has announced.

The government is considering making regulated financial advice a requirement for people looking to sell their annuity contracts, Budget documents reveal.

The government should look into the glaring inequality in the tax system that favours defined benefit (DB) pension schemes over defined contribution (DC), Alan Higham has said.

The government has announced a number of changes to the tax it collects from UK-based businesses, including financial advisers.

The government expects to collect an extra £3.1bn from those found to have avoided or evaded tax payments - and those professionals who help them - Chancellor George Osborne said in his Budget speech today.

An additional £19.5m will be provided in 2015-2016 to support pensions freedoms and the Pension Wise service as part of today's Budget announcements.

Chancellor George Osborne has announced a 'radically more flexible' ISA system as he used the final Budget of the current Parliament to offer more saver-friendly policies to the electorate.

The government has raised the amount people can earn before they pay income tax, and increased the threshold at which people pay the higher rate of income tax.

Chancellor George Osborne has confirmed retirees will be allowed to sell their annuity contracts for cash from April 2016 without facing "punitive tax charges".

The government will scrutinise the use of legal loopholes that help people avoid inheritance tax (IHT), Chancellor George Osborne has said.