Chancellor Philip Hammond said at the start of his Spring Statement in the Commons today that he would provide a Written Ministerial Statement providing more details of his announcements. Here is the statement in full:

Brexit could be followed by significant change to financial services regulation in the UK, Chancellor Philip Hammond indicated today in his Spring Statement.

The improvements in public finances make it less likely the Chancellor will be forced to raid pensions in the autumn, believes former Pensions Minister and Royal London director of policy Steve Webb.

Platform exit fees could be axed by the Financial Conduct Authority to improve competition and make it easier for investors to switch platform.

Financial Planner David Woan has joined the growing team at Dorset-based IFA Wilcox Young, marking the firm’s second new hire this year so far.

Many platform providers and experts have welcomed the FCA’s potential ban on platform exit fees but some have warned that a level playing field is needed to ensure platforms are not disadvantaged.

Female representation in financial firms is beginning to rise as the Treasury’s Women in Finance Charter begins to have an impact.

Saga, the provider of services to older people, has warned that £3.2bn may have been cashed out of pension pots without any financial advice following the Pension Freedoms.

Chartered Financial Planner firm Belmayne has warned local investors near its base in Yorkshire to be on their guard to the danger of unregulated investments and scams following the collapse of £236m fund London Capital and Finance (LCF).

Pension transfer values as measured by a major provider increased by nearly £5,000 during February before dropping sharply to end unchanged over the month.