Anyone approaching retirement who wants to turn their pension pot into a regular income has been urged to do their research or risk throwing away thousands of pounds.
Millions of private sector workers with a final salary pension face lower payouts after the Government announced plans to cut the rate at which their income rises each year.
Millions of workers could be wasting hundreds of pounds a year each if they pay into a company pension, as employers are failing to help them save efficiently.
31 July 2009
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