Chancellor Jeremy Hunt has reaffirmed the Government’s plans to give people one ‘pension pot for life’, moveable from job to job, despite concerns shared by the financial advice industry.

Nearly two thirds (63%) of advisers are concerned about the impact of the Government’s proposed lifetime pension provider model, a new report suggests.

Chancellor Jeremy Hunt launched a consultation on giving people one 'pension pot for life' as part of his Autumn Statement 'mini-Budget' today.

Pensions could become more like a bank account into which different employers have to pay, under a shake-up expected in the Autumn Statement.