Plans unveiled by the Ministry of Justice last night to change the way probate is charged have been branded “extortionate” and a “stealth tax.”

A national IFA has warned that pension scheme members should not be “corralled” into high risk investments to finance tech start-ups.

A new savings scheme for people on low incomes has been launched by the Government and offers a 50% bonus.

Fears that the Pensions Dashboard plans have been shelved by the Government were allayed after Secretary of State for Work and Pensions, Esther McVey, appeared this week to back the scheme.