The government is to re-examine plans for a £140 flat rate state pension amid worries about the potential political fallout.

FIVE THINGS

CONDENSED

HM Revenue & Customs (HMRC) has recovered more than £26m in missing inheritance tax (IHT) in the last year with the aid of new software.

An Australian financial adviser has been handed an 18 year jail sentence for the murder of a client he felt was being 'wasteful' with her lottery winnings.

The Financial Services Authority (FSA) has spent an average of more than £1m annually in the last six years on the services of 'headhunting' businesses, tasked with finding suitable candidates for senior positions at Canary Wharf.

The Treasury Select Committee (TSC) is to appoint specialist advisers to oversee the drafting of a report by the Financial Services Authority (FSA) into the failure of HBOS.

A Conservative peer has urged the coalition to cut the Capital Gains Taxes (CGT), arguing it discourages savings and investment and drives funds away from assets with high returns.

The Financial Services Authority (FSA) is urging firms to consider their professional indemnity insurance (PII) situation and client communications ahead of Retail Distribution Review (RDR) implementation.

Axa Wealth has confirmed it will not retain any commission on advised top-ups after the Retail Distribution Review (RDR), insisting charges will be reduced for clients.