A quarter of consumers would withdraw pension savings earlier to cover cost of living expenses, making them vulnerable to scammer ‘misdirection’ tactics, according to the latest research by the Financial Conduct Authority (FCA).
These findings are supported by retirement income market data which showed that the number of pension plans accessed for the first time in 2021/22 increased by 18% to 705,666, up from 596,080 in 20...
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