Government to examine exit fees for DC members

clock

The government is looking into exit fees levied on people cashing in their defined contribution (DC) pots, but has as yet no plans to intervene, says Steve Webb.

"We are not overwriting the rules of existing schemes," the pensions minister told the House of Commons yesterday, responding to questions posed by the opposition. "But we are talking to the ind...

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 Defined Contribution

Overseas equity allocations take 'centre stage' in master trust investment strategies

Overseas equity allocations take 'centre stage' in master trust investment strategies

LCP report finds US equities posted strongest performance amid concentration risk fears

Jonathan Stapleton
clock 04 February 2026 • 2 min read
TPR, DWP and FCA publish consultation on VfM framework

TPR, DWP and FCA publish consultation on VfM framework

Consultation will require DC schemes to publish ‘clear data’ on performance, costs and quality of service

Martin Richmond
clock 08 January 2026 • 8 min read
What can the UK learn from the Australian pension system?

What can the UK learn from the Australian pension system?

Gregg McClymont says attention to differences as well as similarities is important

Gregg McClymont
clock 17 December 2025 • 3 min read
Trustpilot