However now indemnity insurers are refusing to pay for advisers when it comes to retirement transfers, or hiking premiums to unaffordable prices

However now indemnity insurers are refusing to pay for advisers when it comes to retirement transfers, or hiking premiums to unaffordable prices

A scandal at British Steel saw some employees lose thousands and thousands of pounds every after being convinced to go money from the business retirement scheme.

The price of the insurance that covers advisers for mis-selling claims is soaring — causing advisers to turn their back on transfers, and leaving savers unable to find anyone to unlock their pensions as a result.

The pension freedoms introduced 5 years ago had been designed to allow savers over 55 do whatever they want using their your your your retirement money.

But savers are increasingly being denied use of their funds because taking out of last wage retirement schemes, and people with guaranteed income rates, may not be inside their needs. Read more