I visited one of the financial companies, prior to drawing my pension and the nervousness of the agent made the hair on the back of my neck stand to attention. Being reasonably fiscally savvy, that was enough for me to walk ( with the paperwork provided ). I’m fortunate enough to have a chartered accountant as a close friend and he literally balked when he read the attached risk. I’m now furnished with the news that one ex colleague has lost 130k from his LTA and another 60k. Bearing in mind the management fees are between 80/100k over a decade, that’s a substantial risk in anybody’s book. I also understand certain individuals were coercing members of staff to “jump ship” and join them for a finders fee for the firm in question. I hope they are “outed”, but it didn’t help that NATS set the ball in motion, by incentivising staff to leave CAAPS for a 25% pay rise !