Experts are blind to real advice issues

Research recently published by Citizens Advice on pension freedoms showed that of those who didn’t spend the funds they realised, 29 per cent of them put the proceeds in their bank account.

In addition, 9 per cent of people had unforeseen tax problems such as tax deductions they weren’t expecting, rising to 30 per cent among people who took their whole pension pot in one go.

If that wasn’t bad enough one in eight people using pension freedoms face unexpected tax or welfare losses.