Members could be losing money because administrators are taking longer to process defined benefit (DB) pension scheme transfers, according to experts.
A third of employees think firms which offer a pension scheme should also offer access to full financial advice in the workplace, research from Scottish Widows suggests.
‘An accident waiting to happen’: Why drawdown retirees need more than guidance
Blog: ‘Put simply drawdown is not the right solution for everyone’
The Chancellor’s pension revolution continued as he scrapped the 55% ‘death tax’ at the Tory Party conference, handing drawdown another advantage over annuities
One in eight people aged over 50 has been approached by fraudsters offering early access to their pension pot, according to research from Fidelity Worldwide Investment.
The fallout for victims of pension scams will be greater than expected due to under reporting, according to the Pensions Advisory Service (TPAS).
The government should pay for the guidance guarantee's first year of operation instead of charging the industry through a levy, according to MGM Advantage.
Wake-up packs for people approaching retirement should be scrapped in favour of a simple pensions passport to help make it easier to shop around, Hargreaves Lansdown has said.
Just Retirement has posted full year underlying pre-tax operating profits of £97m, 3% lower than last year.