Pensions Minister Ros Altmann has expressed her “disappointment” with pension companies failing to offer the new freedom and choice flexibilities following an announcement made by Friends Life yesterday.
She goes on “… it is disappointing that one of the biggest pension companies had come to the decision to cancel its plans and to block customers from accessing money from their pension pots as and when they like over the age of 55”.
You can read it here
There are ways to overcome this but they may also cost you.
Do take responsible professional advice if you have a problem accessing your pension pot.