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

Will pension firms become subject to a robot tax?

Will pension firms become subject to a robot tax?

Matthew Giles looks at how taxing the ‘labour’ performed by AI would impact pensions

Matthew Giles
clock 18 June 2026 • 3 min read
Pitfalls with privilege – Ensuring trustees don't stumble at the final hurdle

Pitfalls with privilege – Ensuring trustees don't stumble at the final hurdle

Chris Edwards-Earl looks at issues around privilege in Virgin Media solutions

Chris Edwards-Earl
clock 17 June 2026 • 3 min read
Government to review FAA rules following Stagecoach deal with Aberdeen

Government to review FAA rules following Stagecoach deal with Aberdeen

Minister says transaction complied with rules in a way not anticipated when they were set

Jonathan Stapleton
clock 16 June 2026 • 3 min read
Trustpilot