Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.

The Financial Conduct Authority (FCA) is to leave its Canary Wharf base in favour of the redeveloped Olympic Park in Stratford, east London.

CLOSED LIFE PROBE

Pension charges for workplace schemes will be subject to a 0.75% cap under government plans confirmed today.

Stephen Lansdown has sold off another significant stake in Hargreaves Lansdown, the business he co-founded.

Labour has backed the Chancellor's move to radically overhaul the pension system, which will give retirees freedom to do what they want with their money at age 55.

The Chancellor has announced far reaching reforms to pensions in his fifth Budget speech and said "no one will have to buy an annuity" in the future.

Enhanced annuity provider Partnership has reported a 24% increase in group pre-tax profits of £83m for 2013, up from £67m the previous year but new business was down year-on-year, latest results show.

George Osborne should use next week's Budget to reduce the number of middle-income earners paying the 40p tax rate, according to two former Tory Chancellors.

Insurer and asset manager Standard Life reported a 13% dip in pre-tax profits for 2013, despite strong inflows.