Anyone approaching retirement who wants to turn their pension pot into a regular income has been urged to do their research or risk throwing away thousands of pounds.
Britain's pensioners are missing out on an estimated £5.4 billion in unclaimed benefits each year, despite 1.8 million of them living in poverty, figures released today show.
Millions of private sector workers with a final salary pension face lower payouts after the Government announced plans to cut the rate at which their income rises each year.