Employers grappling with automatic enrolment face further headaches if a single flat rate of pension tax relief becomes reality, a pension firm director says, as he also warned it could become an active disincentive to save.

Livingbridge has agreed terms and exchanged contracts to acquire Broadstone Corporate Benefits Ltd and Broadstone Risk & Healthcare Ltd from Oakley Capital, the company reported this morning.

Thomas Miller Investment has completed the acquisition of the Broadstone Wealth Management business.

A pensions company has warned that the axing of the 'death tax' announced today by the Chancellor has created a "massive dilemma" for members of final salary pension schemes approaching retirement.