article_snippet.sent: The biggest pension reforms in a century have been met with confusion as customers as young as 23 try to cash in their retirement savings.
article_snippet.sent: Pension firms said Britons remained baffled about how the radical changes worked, with many unaware of age restrictions or tax implications.
article_snippet.sent: The Government had said that everyone over the age of 55 who wanted to take part in the new pension freedoms would be given a free half-hour session of guidance but just 300 advisers are available (file picture)
article_snippet.sent: Experts fear pensioners could be vulnerable  if pensioners do not receive proper advice regarding pension plans now that over-55s can cash in pensioners pensions and spend them  instead of being forced to buy an annuity (file image)
article_snippet.sent: David Trenner, of Intelligent Pensions, said it was 'crazy to stop advertising Pension Wise under Purdah rules', while Catriona Standingford, who runs a financial training firm, asked on Twitter: Shouldn't the consumer/taxpayer come first?.'
article_snippet.sent: Richard Parkin, of Fidelity, said: 'Misunderstandings exist around when you can access your funds. '
article_snippet.sent: Since the pension freedoms were announced, Richard Parkin, of Fidelity've received a steady number of calls from people under the age of 55 who think they can access they funds under the new rules.'
highlights_snippet.sent: Pension firms said Britons remain baffled about how radical changes work .
  