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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Pension charges will be capped at 0.75% a year from April 2015, the Department for Work and Pensions has confirmed.
Small business owners are unlikely to consider themselves entrepreneurs, research by AXA has found.
The amount people saved each month fell between spring and summer 2014, both as a percentage of monthly income and in terms of value, according to National Savings and Investments.
Small businesses will be able to get funding for advice from business schools under a project run by the Small Business Charter.
The number of unemployed people fell by 154,000 to 1.97 million between June and August 2014, according to official figures.