Retirement

Will announce tax relief changes in Budget

Advice must meet clients' objectives

FCA found problems with disclosure of exit charges

Further work planned following closed book review

Regulator should pre-approve products

FCA released ageing population paper to tackle issue

People must work to 77 to achive two-thirds pre-retirement income

Cridland 'well placed to report on the issue'

People are concerned about their tax-free lump sum

Also looking to cut exit charges on individual pensions