Returns on cash deposited by SIPP and SSAS investors are far too low, according to a survey of 100 pension IFAs.
Savers have increased the cash allocation in their SIPPs as part of a defensive move, according to Investec Private Bank.
One in five advisers believe the 'pensions crisis' has got worse since the introduction of pensions simplification in April last year.
The number of women turning their back on pensions has increased over the last year with half a million more planning to rely on their husband's pension pot in retirement, claims Investec Private Bank.
Investec Private Bank has launched a financing service for British expatriates who are resident in Spain and seeking property development projects in the UK.