Scottish Widows will remove early exit fees across all of its workplace and personal pension policies ahead of the charge cap deadline.
The firm had previously announced it would stop charging for leaving workplace pensions early, but has now extended this promise to all products.
The move also goes further than simply complying with the 1% charge cap on exit fees that is due to come into force on 31 March.
It will largely benefit customers with policies taking out before 2001, where the providers' expenses were levied on savers opting to move their pension pot before their retirement date.
Almost all Scottish Widows customers are already benefitting from the change, with just those in complex workplace pensions - 2% of the business - waiting until 31 March.
Scottish Widows spokesman David Lascelles said it was the fair approach to further enable customers to take advantage of Freedom and Choice.
"It's only fair that people who have saved responsibly and diligently are allowed to access or move their funds without being charged to do so," he said. "That's why we've gone one step further than the requirements and removed them altogether.
"This means our customers can make full use of pension freedoms, if they wish to do so, and not feel restricted in any way."
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