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

SPP calls for 'robust' safeguards on DC small pots consolidator

SPP calls for 'robust' safeguards on DC small pots consolidator

Trade body says consolidator model must be designed around member interests

Martin Richmond
clock 30 October 2026 • 3 min read
Partner Insight: From awareness to action – closing the retirement planning gap

Partner Insight: From awareness to action – closing the retirement planning gap

Many employees think about retirement. Far fewer take practical steps to prepare for it.

Royal London
clock 29 October 2026 • 5 min read
L&G takes on £2.45bn Royal Mail DC scheme in biggest master trust transfer to date

L&G takes on £2.45bn Royal Mail DC scheme in biggest master trust transfer to date

Completed transition sees 100,000 scheme members’ savings move into L&G Mastertrust

Alex Levy
clock 27 October 2026 • 2 min read
Trustpilot