The current system of pension tax relief is "unfairly skewed" leaving those on modest earnings with little reward for saving into a pension, John Lawson has said.
Banks paid out £81.2m last month to compensate businesses mis-sold complex interest rate hedging products.
Aviva chairman John McFarlane is to take up the same role at transport business First Group, Sky News reports, however Aviva have said he is not leaving the insurer.
More workers will have to wait until age 68 for their state pension after the Chancellor confirmed entitlement rules would change quicker.
Chancellor George Osborne should cut stamp duty on homes valued at between £250,000 and £300,000, according to senior tax advisers.
The UK's state pension is the second worst in the developed world, with only Mexico giving OAPs a worse average salary replacement rate in retirement, a study has found.