Industry figures have warned the green paper on pensions tax relief published last week is "not a genuine consultation" as the government has already decided on the outcome.
The pensions industry has warned that tax relief cuts announced in the Summer Budget will deter people from saving into a pension and make the tax system even more complex.
Three problems with Osborne's policies
George Osborne's call for radical thinking on pensions tax relief could solve the problem "once and for all" but there are huge policy issues to overcome, industry experts have said.
A shift from an 'EET' to a ‘TEE' tax system could save the government £10bn a year, academic Michael Johnson has said.
Pension green paper: The eight key questions
Chancellor George Osborne is to publish a green paper to seek feedback on a plan to make "pensions more like ISAs".
High earners have had the tax relief on their pension contributions cut in today's Summer Budget.
George Osborne has confirmed the inheritance tax (IHT) threshold will increase to £1m for couples funded by a pension tax relief cut for people earning more than £150,000.
Further changes to pensions tax relief could lead the industry "into a very dark place", according to ex-pensions minister Steve Webb.