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.