I must confess I always had reservations about the Pension Freedoms when they were introduced by George Osborne in 2015 and the latest FCA figures seem to back up comments I made at the time.

Former Pensions Minister Baroness Ros Altmann says that the Pension Freedoms are not working properly as millions have no independent guidance or advice.

The managing director of global advisor firm Duff & Phelps has said Pension Freedoms have encouraged scammers.

New findings revealed a Pensions Freedoms ‘blind spot’ because 79% of clients had failed to set up a Lasting Power of Attorney.