| UPDATED: 17:18, Fri, Jan 22, 2021
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Pension access is a vital consideration, as many will have significant funds put away for their retirement in their pot. With the financial impacts of COVID-19 felt, some may feel the urge to dip into their pension savings to provide them with extra support in the here and now. However, current rules state pension “freedom”, that is to say access to cash without penalties, is only available once a person reaches 55.
MPs in pension scandal constituencies declare Financial Conduct Authority “unfit for purpose” Jim Armitage
MPs representing victims of pension mis-selling today accused the Financial Conduct Authority of being “not fit for purpose” over its failure to help consumers.
Nick Smith and Stephen Kinnock, MPs whose constituents saw their life savings damaged when rogue advisers persuaded them to transfer out of the British Steel Pension Scheme, declared the FCA was characterised by organisational drift and bureaucratic inertia.”
In a letter to new FCA chief Nikhil Rathi, they wrote: “Despite our multiple and ongoing attempts to prompt action, the FCA continues to be City facing and lacks sufficient vision to tackle the issues facing consumers.”
Zoom-bombing , potential scams and more controversies: PA s 10 most-read stories of 2020
One adviser left stunned
Stories on contingent charging, scams and Brexit have all proved to be popular with our readers this year but there are certainly some rather offbeat inclusions in the 10 most-read articles on the Professional Adviser website in the last 12 months. Read on to find out which articles were the most-read on the PA website this year, as well as the most popular article of 2020.
So, counting down to Professional Adviser s most-read story of the year, here is our top 10 from 2020. 10. Revealed: All the winners at the 2020 Professional Adviser Awards The article detailing and.