The government needs to stop making changes to the pension regime according to Almary Green.
Managing director Carl Lamb says the industry needs a period of continuity as "constant meddling and changing of goal posts is harming both the pensions market and those consumers attempting to save for their retirement."
Recent changes include the lifting of NEST restrictions and amendments to the annual and lifetime allowances.
"A-Day in 2006 signalled, what we thought, would be the definitive rules for the pensions industry, but in 2014 we will see further changes as the annual allowance and total lifetime allowance are lowered," he says.
"These are just the latest in the long list of changes and proposals to our pensions system and who knows what lies ahead? Pensions are now at the mercy of politicians and yet another pawn in their political games."
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected