New FCA research published today warns that 1 in 4 consumers are considering withdrawing pension savings early because of the cost of living crisis and, as a consequence, are facing a higher risk of being scammed.

One in five pension scheme members may reduce or halt their contributions to cope with the cost of living crisis, according to a new survey by a leading pension trade body.

Most workplace pension savers are failing to shift their money into ESG or sustainable funds, according to new research.

Industry pension experts have expressed concern about new FCA retirement income data revealing that more than 40% of pension savers are withdrawing from their pension pot at an annual rate of 8% or more.