Aegon has warned that concerns over investing in unregulated investments could damage how consumers view SIPPs despite few SIPPS allowing unregulated investments.

The financial services sector has welcomed a radical shake-up of the way the Financial Services Compensation Scheme (FSCS) is to be funded.

Pension freedom statistics released today showing that £9.2bn has been withdrawn so far could be masking the danger of people running out of money in retirement, say leading pension commentators.