People approaching retirement who were expecting a windfall from the bank charges case will be disappointed by a Supreme Court Judgement.
The court has overturned a previous ruling about the fairness of overdraft charges.
Although much of the public will be disappointed, the banks have reacted positively to the news.
In a statement, Barclays said it "welcomed" the ruling "which puts an end to the test case and provides clarity for customers and banks alike".
However, consumer watchdog Which? suggested that the news was a "black day" for consumers.
Chief executive of the group Peter Vicary-Smith said: "This is a bitter blow to the millions of people who have been patiently waiting to get their bank charges back."
For those approaching retirement, an alternative to waiting for bank charges to come back could be equity release, which could help fund non-working years in addition to a traditional pension.
By Claire Ford
