Pension savers lost out on £600m last year according to HMRC personal pension statistics released today.
As the end of the tax year approaches Hargreaves Lansdown has predicted a surge in drawdown cash withdrawals.
Men and women will for the first time share the same state pension age of 65 from tomorrow (6 November 2018) marking a major pensions milestone set in train 25 years ago but critics say the change is far from fair to women.
Firms are now obliged to inform consumers how much they could gain from shopping around for annuities under new rules which take effect this week.
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