Budget 2012

Will George Osborne will listen to the industry, asks Jenna Towler

Savers' faith in pensions has reached a record low, prompting fears the upcoming auto-enrolment reforms will flop, the National Association of Pension Funds says.

The government is planning an overhaul of the way it grants tax relief on pensions which will cost the industry, employers and the government "hundreds of millions", Baker Tilly warns.

Savers should consider topping up their pension pots now in anticipation of further tax relief changes rumoured to be in this year's Budget, a consultant says.