Tax relief at the point of retirement saving is the most powerful way to get people to create a later life nest egg, according to Zurich, making it the latest provider to come out against the government's plans to treat pensions like ISAs.
Government plans to merge ISAs and pensions would harm retirement saving and mean more retirees run out of money, Axa Wealth head of retirement planning Andy Zanelli has warned.
Tax relief on its own still won't incentivise saving
Advisers are calling on regulators to introduce rules restricting the contact product providers can have with their clients.
Advisers should 'stop carping' about FSCS levy bills
Chancellor George Osborne will deliver his Autumn Statement alongside the government's spending review on 25 November.
Zurich is planning to launch a drawdown product that allows clients to convert assets into an income for life at a chosen point in retirement.
The Society of Later Life Advisers (SOLLA) has created an industry standard for retirement advisers.
Wealth manager Mattioli Woods has bought advice firm Taylor Patterson for £8.3m, adding a further £640m to its £5.4bn of client assets.
‘The product formerly known as equity release'