Government pension policy for the over-75s could turn people away from saving in pensions, warns Alliance Trust.
Winterthur has denied accusations of being inflammatory towards the Treasury over the issue of Alternatively Secured Pensions.
Winterthur Life has joined the attack against the government over tax changes to Alternatively Secured Pensions, although Standard Life has warned such outbursts may be counter-productive.
Andy Bell, managing director of A J Bell, has sent an open letter to Ed Balls challenging him to rethink the changes to the alternatively secured pension rules proposed in the Pre-Budget Report.
I well remember last year's Pre-Budget Report which effectively banished residential property and things like art, wine and cars from being purchased directly by a self invested personal pension.
Better regulation. Our own government has adopted this grand European idea to regulate smarter rather than harder.
The changes to alternatively secured pensions announced in the Pre-Budget Report "smacks of legalised theft", according to AJ Bell Group.
Skandia say offering alternatively secured pensions, ASPs, can encourage greater pensions savings.
HM Treasury has announced the Pre-Budget Report will be delivered at 12.30pm on Wednesday 6 December, with ASP, scheme pensions and ISAs all expected to be on the agenda.
Tomorrow we should see the next phase of the government's plans to reform financial services in the interests of consumers, when the Queen delivers her annual Opening of State Parliament speech.