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Global institutional investors have welcomed Chancellor George Osborne's confirmation that £3bn will be provided to fund a Green Investment Bank in today's Budget.

The planned £50,000 annual allowance for tax free pension contributions has been confirmed in Budget documentation.

The government has decided the appropriate discount rate for calculating unfunded public sector pension contribution rates should be based on the long term expectation of Gross Domestic Product growth.

UK - Global institutional investors have welcomed Chancellor George Osborne's confirmation that £3bn ($4.8bn) will be provided to fund a Green Investment Bank in today's Budget.

Only a handful of pension schemes will be able to take a direct stake in National Air Traffic Services when the government sells its holdings due to the complex risks involved, consultants say.

UK - Chancellor George Osborne confirmed the government will implement a single-tier state pension.

Chancellor George Osborne confirmed the government will implement a single-tier state pension.

Lord Hutton's recommendations for public sector pension reform have been backed by the Treasury, with Chancellor George Osborne saying there would be no "cherry picking" from his proposals.

The UK economy will grow by 1.7% this year, significantly below previous estimates, George Osborne announced today.

The government will consult on merging the operation of National Insurance and income tax but pensioners will not pay more tax as a result, George Osborne has announced.