HMRC has asked for a record 20,750 malicious websites to be taken down in the past 12 months, an increase of 29% on the previous year.

SIPP and platform provider AJ Bell has called on the Government to exempt pensions and ISAs from Inheritance Tax as part of a drive to “simplify” UK savings.

An independent financial adviser, a City trader and a former police officer have been jailed for a total of eight years for a £2.4m bogus film tax scam after a long investigation by HM Revenue and Customs officers.

The managing director of global advisor firm Duff & Phelps has said Pension Freedoms have encouraged scammers.