Beware of fraudsters, posing as investment professionals.
Significant changes to the rules around how to use your pension in retirement offer many new opportunities for future retirees. Unfortunately, the same is also true for fraudsters and criminals. As part of the new rules, defined contribution pension scheme holders can now access their entire pension fund, from the age of 55, and use it however they wish. This radical change provides you with greater freedom regarding how you can use your pension to fund retirement, but it also makes the decision a more complex one.
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