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However now indemnity insurers are refusing to pay for advisers for the retirement transfers, or hiking premiums to rates that are unaffordable

However now indemnity insurers are refusing to pay for advisers for the retirement transfers, or hiking premiums to rates that are unaffordable

A scandal at British Steel saw some employees lose thousands and thousands of pounds every after being convinced to go cash out from the company retirement scheme.

As a result, the price tag on the insurance coverage that covers advisers for mis-selling claims is soaring — causing advisers to show their straight back on transfers, and making savers not able to find you to unlock their retirement benefits.