Chancellor Jeremy Hunt shocked the pensions sector in his Budget today by announcing that he would 'scrap' the pensions Lifetime Allowance and increase the annual allowance from £40,000 to £60,000.

Chancellor Jeremy Hunt told MPs today in his Spring Budget that Britain should avoid a recession this year.

Chancellor Jeremy Hunt is expected to deliver a 'Back to Work' Budget at lunchtime today when he unveils his first Budget since becoming Chancellor.

Increasing the Lifetime Allowance (LTA) to £1.8m - a move predicted by some experts for tomorrow's Budget - could lead to a surge in business for financial advisers, a former Pensions Minister has predicted.