A firm of West Midland financial advisors has warned that the industry has whipped up unnecessary panic over the A Day pension changes.
On April 6, eight tax systems will be scrapped and replaced by a simpler system and people will be given a lifetime and annual savings limit.
But Paul Tyler, a director with Stratford-based Daly Harvey Morfitt, says investors are worrying for no reason over the deadline.
He said: "There is no doubt that April 6 will see big changes which will, in the most part, bring clarity to the system. At the moment there are far too many seemingly random rules and settings which did need an overhaul.
"Of course, people have to under-stand any new system and that does take time and investors do have to make sure they are well positioned.
"There has been so much publicity over A Day that people have been left thinking that everything changes on that day.
"I am certain that some unscrupulous operators are quite happy for this worry to be widespread as it may bring people to their door but, by and large, it will just make life more straightforward."
The lifetime pensions saving limit will be £1.5 million and investors with more than that already in their schemes will have to register with the Inland
Revenue to prevent tax penalties on any monies over the limit.
"We have certainly had worried clients ringing us over having to register their pensions because they currently have a pension pot which is over the £1.5 million threshold," Mr Tyler said.
"They are concerned that they will get taxed if their excess is not registered by the 6th whereas they have got three years to do that. However, if they wish to make further contributions then they will need to seek advice as that does affect their position.
"In fact the industry has been waiting for the Inland Revenue to issue a form to allow people to register, and that has only just happened."