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Why you shouldn’t unlock your pension fund early

Why you shouldn’t unlock your pension fund early… One, because pensions are designed for long-term saving and it doesn’t make sense to spend the money now. Two, because there are serious concerns about the risks of ‘liberating’ your cash. Ever wished you could unlock your pension cash to help fund your lifestyle now? Well, be warned, unscrupulous companies offering to release your pension could leave you with a pitiful sum. The Pensions Regulator this week warned about unauthorised companies offering ‘pension liberation’ schemes which are stripping people of their retirement funds. The Financial Services Authority (FSA),  the City Regulator, also warned… continue reading

February 29, 2012