Industry experts have praised HMRC's decision will do a U-turn on plans to impose a new pensions death tax on pension scheme members who die before the age of 75.

The charges on the most expensive tracker funds are 20 times the cost of the cheapest alternative despite identical or near identical performance, according to new research by investment platform AJ Bell.

AJ Bell has promoted Ryan Hughes to be its new investments director to lead its range of multi-assets funds and the managed portfolio service for financial advisers.

Advised customers increased 10% year-on-year to 159,256 at platform and SIPP provider AJ Bell for the year ending 30 September.