The National Association of Pension Funds (NAPF) has again called on the government to make the last Budget of this parliament a budget for pensions.
Spokesperson Mark Brooks has reiterated the organisation’s stance following the collapse of the pension scheme at popular magazine Readers Digest.
He said: "The issue is that more generally pension schemes are under pressure, and have been for some time now.
"The government must do more to help, and we have put forward proposals which would be to abandon their unworkable tax plan, and also look at ensuring that there is enough long term funding available for pension funds."
Concerns about the state of the UK’s pension market could lead a number of workers to seek out additional retirement funding plans to ensure a comfortable retirement.
Schemes such as equity release can provide a homeowner with a welcome financial boost taken from the value of their home.
