Purchases of investment trusts by advisers and wealth managers on platforms have reached a record high of £120.9m, the Association of Investment Companies has reported.
Many people will never be able to retire, with millions of pension pots set to become empty after just five years, researchers behind a year long investigation have warned.
The Pensions Minister has confirmed his intention to press ahead with "action to root out rip-off charges" across all qualifying workplace pension schemes from April 2015.
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