On one month over-55s will be allowed to cash in all or part of their pension . But a financial watchdog says cashing in could be an 'irrational decision ' Financial Conduct Authority says some will be 'irreversibly worse off ' Adds in some cases people will become destitute as the enter old age . Treasury offering appointments to help savers decide what to do . But 'Pension Wise ' service does not even have working telephone number . Savers are unable to book an appointment - with just April 6 to go .
On April 6 over-55s will be allowed to cash in all or part of their pension . But a financial watchdog says cashing in could be an 'irrational decision ' Financial Conduct Authority says some will be 'irreversibly worse off ' Adds in some cases people will become destitute as the enter old age . Treasury offering appointments to help savers decide what to do . But 'Pension Wise ' service does not even have working telephone number . Savers are unable to book an appointment - with just one month to go .