Quarter of over-55s unaware of pension tax, L&G study finds

Of more than 2,000 over-55-year-olds surveyed in the UK, 21% would be ‘shocked’ to pay tax on their pension

The potential of this market is huge, but eating into capital is a big issue

Advisers are ‘not educated enough’ to help over-55 investors

Only a small amount of UK financial advisers are prepared to send vulnerable clients to specialists in the sector.

Figures reveal a rise in tax repaid to individuals over-charged when making use of pension freedoms

Retirement