Retirement
FCA sounds alarm over rising pension scams
A quarter of consumers would withdraw their retirement savings to cope with cost-of-living crisis
14-year record high for annuity rates
They have increased by 52% in the last nine months alone
Regulator slammed over British Steel redress calculation issues
FCA faces a potential judicial review if problems are not resolved
Brits hit with £382m bill after breaching lifetime allowance limit
Frozen thresholds mean even more people will have to fork over cash
Redress solution for bad pension transfer advice likely to cause more problems
If enacted, the recommendations could put consumers in a worse tax position