Three in 10 business owners do not have a pension independent of their business, according to Rathbones Group, one of the UK’s leading wealth and asset management firms, warning that millions may be taking unnecessary risks with their future finances.

UK entrepreneurs are confident about their own business prospects in the upcoming tax year, despite pessimism over the wider UK economy, according to new findings from Rathbones.

Women are just as likely as men to plan their finances carefully but are significantly less likely to feel confident managing investments, new research from Rathbones, one of the UK’s leading wealth and asset management groups, suggests.

“The Spring Statement offered little immediate relief for business owners already grappling with a heavy tax burden and persistently rising costs."