Exit charge cap poses challenges for trustees

Michael Klimes
clock • 4 min read

DWP's consultation on capping exit charges in occupational schemes has closed. Despite agreement on removing barriers to the freedoms, Michael Klimes finds there will be major administration hurdles.

At a glance Government is committed to introducing level playing field on charges  It is harder to cap exit fees for trust-based schemes  Responses to DWP consultation bear this out ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

PDP outlines progress on delivering dashboards technical solution

PDP outlines progress on delivering dashboards technical solution

Progress update report sets out the steps taken to update dashboard standards

Holly Roach
clock 25 April 2024 • 2 min read
Pension guidance making savers more scam 'savvy'

Pension guidance making savers more scam 'savvy'

Maps research reveals £13.6m was lost due to financial scams in last financial year

Martin Richmond
clock 24 April 2024 • 1 min read
The Pensions Dashboards Programme – Will it succeed?

The Pensions Dashboards Programme – Will it succeed?

PMI president says there are a number of hurdles to overcome ahead of launch

Robert Wakefield
clock 17 April 2024 • 5 min read
Trustpilot