Pensions advice site could land savers in the red

Pension Wise, the government’s pension-advice website, which has so far seen five million visits, could land savers with a shock tax bill because key information is poorly presented, says  Ros Altmann, a former government pensions minister.

The site, which was set up when the government’s pensions freedom reforms were introduced two years ago, does too little to highlight restrictive rules that apply when someone begins cashing in their pension savings but continues to pay into their retirement fund, says Altmann.

This approach is popular with savers over the age of 55 who [...]