The pensions 'Wild West'; NS&I's 'shocking' rate cut; and Goldman Sachs's 'cutting-edge' savings account - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Life savings shot down in pensions ‘Wild West' Savers are losing "hundreds of thousands of pounds" as a result of "unscrupulous" financial advisers exploiting a combination of outdated laws and loopholes to lure investors into high-risk products that leave them unprotected if it all goes wrong, warns this Sunday Times article. An investigation by the paper has found some 4,300 pension savers are being forced to seek help from the Financial Services Compensation Scheme (FSCS), while claims for pensions mis-selling, which hit a record £150m last year, had already reached £108m for 2018, ...
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