People with a final salary pension who are desperate to access their cash are asking financial advisers to bend the new pension freedom rules.

Those with defined benefit pensions worth more than £30,000 are required to have a professional consultation before transferring their money out. But firms say clients are asking for confirmation they have had a consultation when none has taken place. Advisers say they are refusing such requests.

Pension Freedom

The new Pension Freedom changes, which were introduced two months ago, were designed to allow people much greater flexibility. But they came with some safeguards, particularly for people in final salary schemes who are guaranteed a certain income on retirement, regardless of how their pension fund investments have fared. Radio 4's Money Box programme believes hundreds of people in these schemes have been contacting financial advisers desperate to get their forms rubber stamped so they can transfer the money into another scheme that will allow them access to some of their cash.....Read more here