The Financial Conduct Authority (FCA) is writing to all pension providers requesting data on how customers are accessing their retirement pots in the wake of the pension ‘freedoms' rolled out in April.
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Scrapping salary sacrifice, rumoured to be part of the 8 July Budget, would do more harm than good but is likely to be high up on the Chancellor's agenda, providers have said.
Longevity assessment specialist MorganAsh plans to operate a 'central annuity bureau' in the second-hand annuity market.
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Further changes to pensions tax relief could lead the industry "into a very dark place", according to ex-pensions minister Steve Webb.
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Pensions minister Ros Altmann has warned the industry against complacency over auto-enrolment, as the project reaches its half-way point.
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Pensions minister Ros Altmann has pledged to ‘clear up' confusion over the new state pension.