Savers who are under financial pressure or have lost jobs should beware scammers tempting them to tap pension pots early or switch them into higher risk investments.
A probe is now under way into the failure, which went unnoticed for more than a decade until discovered by our pensions columnist Steve Webb and This is Money.
Following the closure of millions of businesses due to the coronavirus, many firms are looking to do all they can to hang on to cash reserves to help them through the difficult time ahead.
