Cap on pension exit charges 'could turn into witch-hunt'

Stephanie Baxter
clock

The Treasury's action on punitive exit charges has been welcomed but there are concerns that clamping down too much on fees could be detrimental for savers.

The Chancellor announced yesterday the Treasury will consider a charge cap for when people access pension freedoms in a consultation to be launched in July. It will consider options to ensure peopl...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

AI data regulations should include pension perspective, says Zedra

AI data regulations should include pension perspective, says Zedra

Data regulation should clarify accountability and governance for trustees

Alex Levy
clock 14 September 2026 • 1 min read
Could pension pots solve the housing crisis?

Could pension pots solve the housing crisis?

Vidett’s Alison Hatcher chats to LCP partner and former pensions minister Steve Webb

Alison Hatcher
clock 09 September 2026 • 6 min read
DWP launches consultations on GMP conversion regs and fixed rate revaluation levels

DWP launches consultations on GMP conversion regs and fixed rate revaluation levels

DWP seeks views on draft GMP conversion regs and revaluation rates for early leavers

Jonathan Stapleton
clock 03 September 2026 • 2 min read
Trustpilot