There are currently no suitable products available which truly reflect an individual's needs when they reach retirement, according to Aegon head of pension Rachel Vahey.
Norwich Union (NU) has added 23 funds to selected pensions products while standardising its stakeholder fund range with each product sharing the same 55 funds.
Aegon UK is calling on policymakers to sanction the second large-scale overhaul in the pensions market in as many years to simplify legislation about taking income in retirement
The Government's decision not to use the Pre-Budget Report to bring forward plans for auto-enrolment into workplace pension schemes has been branded as 'disappointing' by the ABI.
Thousands more pension savers face a 55% tax charge after the Government revealed it will freeze pension allowances until 2016.
High earners may find pension savings more attractive following the Chancellor's hike for those earning more than £150,000.
Poverty amongst pensioners is "spiraling out of control" with one in four approaching retirement in debt, a study suggests.
The Chancellor is being urged to issue more long-dated debt by the National Association of Pension Funds (NAPF), to help the UK in the coming recession.
European Pensions Management (EPM) has launched a SIPP giving access to leveraged products, including Contracts for Difference (CFDs).
Some retirees could find it impossible to release their pension benefits when the Government changes the minimum pension age to 55 in 2010, according to Hornbuckle Mitchell.