The pensions problem deepens
The pensions problem, and it’s a serious problem, hasn’t improved since George Osborne recently announced his ‘pensions revolution’.
Packs sent out to pension customers have simply failed to shed much light on a complex issue. Worse still, not all insurers even mention the new rules, and run the risk of leaving their customers in dire trouble.
More mis-sold policies…
Not so long ago, we covered the mis-sold Payment Protection Insurance (PPI) fiasco – huge numbers of people saddled with pointless policies which they ended up being compensated for.
These were policies that were created for no reason other than to make money. And it seems that the lessons of the PPI disaster have quickly been forgotten if ‘bankruptcy indemnity policies’ are anything to go by.