This last 10 months has been difficult for everyone, one way or another, but for pension schemes with property it has been a particularly difficult time.

Transact is to cut some of its charges in April with annual commission charges and buy commission charges both reduced.

Tilney Smith & Williamson is following rivals by removing VAT from its Managed Portfolio Service propositions.

 Chancellor Rishi Sunak will present his next Budget to MPs on 3 March.

Private equity firm AnaCap Financial Partners has acquired Novia, the £8bn adviser platform and SIPP provider.