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Review for retirement

Gordon Brown is widely tipped to announce a royal commission-style review of the post-retirement income market in the Budget next week.

The ABI wants the Chancellor to make the announcement on Budget day.

But Dr Oonagh McDonald says: “It is time for the Treasury to stop blocking reform and take some action.”

Scottish Equitable business development manager Steven Cameron says: “I find it inconceivable that the Government would go into a general election without clarifying its position on retirement flexibility. There is a need for a complete revamp of its policy.”

l To ensure comprehensive Budget coverage, Money Marketing will be going to press a day later next week. Full details of the Budget and the views of our Budget panel will be available on www.money marketing.co.uk on Thursday.

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