Pension savers will have the option to gain immediate access to their whole savings pot at non-punitive rates from the age of 55, under a massive overhaul to the pensions system to come into force next year.
The Government is ordering pension fund managers to come clean about hidden costs which can wipe tens of thousands of pounds off the value of retirement pots.
January's never the easiest money month, so MoneySavingExpert.com is urging you to check now if you're owed cash due to mis-selling, poor service or for something else.
Plans to end "rip-off" pension charges, which could wipe tens of thousands of pounds off your retirement savings pot, have been set out by the Government.