The government has relaxed many of the rules surrounding pensions. Fundamentally many more people will be able to directly control and invest/spend/blow (please delete mentally as applicable) their entire pension pot. There is no government safety net, other than the very small State Pension, which cannot thankfully be invested in fast cars and loose sarongs.

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).”