"One of the UK's leading specialists in financial mis-selling…"
The Times
Tim Wixted, solicitor and managing partner of mis-selling litigator at Neglect Assist, has advised readers of Accountancy magazine about the pension system changes.
Mr Wixted warns: “Since April, the pension system has changed radically for people reaching their retirement. No longer must people put their defined-contribution pension fund into an annuity. Instead, they can draw it down and do pretty much whatever they like with it.”
There has yet to be a wave of horror stories of 60-something’s blowing it on fast cars, wild trips to Las Vegas or overindulging in Viking cruises around Scandinavia. But it is a big change and its consequences could easily lead to the mis-selling of investments that will make the PPI scandal look like small beer.
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