Pensions crisis potty

MOST people should be able to look forward to a secure and happy retirement.

Having worked hard and saved for their pension, they deserve to put their feet up.

But more than a quarter of OAPS have been forced back to work as they struggle financially.

In many cases, this is because they have run down their savings since changes introduced by George Osborne four years ago, allowing people to dip into pension pots from 55.

Half a million over-55s have taken advantage of this freedom in the last tax year alone, taking a collective £8.1billion. Some regret the move as they end up without enough to live on.

Others have fallen prey to dodgy advisers in a market that is poorly regulated.

Many have benefited from this pension freedom as it has allowed them to buy a new car, pay for a holiday or do up their home.

But anyone contemplating it should make sure they get the best advice and guidance.