The Financial Conduct Authority (FCA) has announced its final rules on capping early exit charges for consumers eligible to access the government's pension reforms from the age of 55.
In Policy Statement PS16/24: Capping early exit pension charges, the regulator stated that, from 31 March 2017, early exit charges would be capped at 1% of the value of existing contract-based pers...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
