The Financial Conduct Authority (FCA) is consulting on widening the definition of 'standard assets' for providers of self-invested personal pensions (SIPP) to cut the cost of incoming capital adequacy requirements.
The lifetime allowance "has outlived its usefulness" and should be scrapped as part of a wider overhaul of pension taxation, Tom McPhail has said.
The government must rein in pension promises, or find the funds to back them as the state's unfunded liabilities approach £6trn, argues the Centre for Policy Studies (CPS).
Retirees could be heading into trouble as average pension pots require ten times more investment growth than they currently produce to realise desired levels of retirement income, according to research.
Why financial planning is crucial post-pensions freedom
Fewer people are looking to take their pensions as cash now the retirement reforms introduced in the beginning of April have settled in, research suggests.
Prudential and Hornbuckle have joined forces to launch a self-invested personal pension (SIPP) which utilises the provider's PruFund range.
Pensions freedom technical issues begin to surface
Invesco has named Westhouse Securities as the sole financial adviser and broker to its Income Growth Trust.