Government plans to merge ISAs and pensions would harm retirement saving and mean more retirees run out of money, Axa Wealth head of retirement planning Andy Zanelli has warned.
Deficit recovery contributions from employers into the Social Housing Pension Scheme (SHPS) will be boosted by £32m a year to improve the scheme's funding position.
The Treasury took the lead on the retirement flexibilities introduced in April because they were mostly concerned with removing tax charges, Chancellor George Osborne has said.
Top stories on PP this week include fears over a green paper white wash, the latest Ombudsman decision on transfers, and TPR action on master trusts. Here's the top five.
The pensions industry recognises the need for change, but thinks the summer Budget spells trouble and ‘ISA pensions' would mean lower retirement incomes, according to PP research.