I know these are only rumours, but it concerns me that it could happen before I reach retirement age, especially after the ...

Like with withdrawing cash early, reducing payments and the overall size of your pension pot means you'll have a smaller amount to invest, so you’ll benefit less from compound interest.

Instead, it is calculated based on a range of factors such as your age, where you live, your health and lifestyle, any medical conditions and ultimately, the size of your pension pot. There are a ...