Government proposals to alter pension taxations for high earners could be bad news for the wider pensions market.
This is the view of the National Association of Pension Funds (NAPF), which has outlined a simple three-point plan for the government to avoid such problems.
The organisation is calling on the government to "stop, look and listen".
Nigel Peaple, NAPF director of policy, said: "The government should stop its plans to introduce an entirely new approach to pensions taxation for high earners, look carefully at our evidence of the threat posed to other pension savers, and listen to our proposals for an alternative approach.
"The NAPF aims to encourage good workplace pensions for all. Our alternative to the Government’s proposals will help achieve this goal."
A number of people concerned about the proposed changes could now seek out additional funding plans to ensure a comfortable retirement.
Schemes such as equity release can provide those who have invested in property with an additional income taken from the value of their home.
