The Treasury Select Committee has urged the government to keep under review its decision to scrap the higher rate of tax relief for those earning over £150,000.

The Treasury will face a high court challenge from the Equitable Members Action Group (EMAG) after it failed to act on the parliamentary ombudsman’s recommendations.

Chancellor Alistair Darling’s proposal to reduce of higher rate tax relief has been criticised by industry commentators following the Budget report.

The government should take steps to better regulate boardroom bonuses and pensions, according to the Trades Union Congress (TUC).

Renowned investor Anthony Bolton has spoken in favour of quantitative easing (QE) – but the National Association of Pension Funds (NAPF) has questioned the controversial economic policy.

Paul Myners has appealed to pension funds and other institutional investors to take governance seriously to address frailties in the economy.