Retirement
Take-up of pension advice and guidance ‘going backwards’
FCA data shows 40% of decumulation products were bought by DIY savers
Retirees urged to not rush into a pension transfer
DB scheme members should be careful not to ‘panic buy’ in the assumption that values will fall
£22m pension fraud duo jailed
275 victims lost most or all their retirement savings
‘Extremely ambitious’ pensions dashboard timeline extended
But trustees and providers warned to ‘get data ready’
52% of Brits have used savings to meet rising living costs
As impact of inflation becomes a ‘very real threat’ to pension freedom advantages