Pension Freedom Day is the 6th April 2015. The government has relaxed many of the rules surrounding pensions. Many more people will be able to directly control and invest/spend their entire pension pot. There is no government safety net, other than the very small State Pension, which cannot be invested in fast cars and other lifestyle chnges.

Also be very careful when interpreting the words “authorised and regulated by the Financial Conduct Authority and a participant in the Financial Services Compensation Scheme (FSCS).”