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Pension freedom statistics released today showing that £9.2bn has been withdrawn so far could be masking the danger of people running out of money in retirement, say leading pension commentators.
I have just been reading the appeal of an unauthorised payment charge on a Sipp member where an investment was made into a company and from this investment a loan was made to the member.
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Final salary pensions are at risk, due to the ‘new normal’ of a sluggish economy and low returns.
The FCA has warned pension scheme operators over failing to identify non-standard assets.
More than one in five people with multiple pensions has lost track of one or all of them.