Retirement

The Chancellor's decision to cut tax relief on high earners' pension contributions was "regressive" and the change puts catch up savers at a disadvantage, Rowanmoor's Robert Graves has said.

Building society Nationwide has stopped offering pension advice and withdrawn its stakeholder product because it cannot facilitate adviser charging.

IFAs will be hit with a "tsunami" of requests for information about corporate pensions in the next four years, forcing them to deal with the sector, according to pensions expert Steve Bee.

The auto-enrolment earnings trigger could be pushed up to £9,440 following a surprise increase in the personal tax allowance in yesterday's Autumn Statement.

DOG'S BREAKFAST

Fiona Murphy gathers industry reaction about the pension changes laid out in the Autumn Statement

STATE PENSION

Scottish Life's Lorna Blyth on designing a default fund fit for the auto-enrolment world

The risks associated with income drawdown remain despite moves to ease pressure on pensioners in the Autumn Statement, providers have warned.

The chancellor's move to cut pension tax relief from £50,000 a year to £40,000 sends a confusing message to pension savers, commentators have said.