Queen's Speech 2016: Bill to cap exit fees on trust-based schemes

Kristian Brunt-Seymour
clock • 2 min read

The new pensions bill will cap early exit fees charged by trust-based occupational schemes in a bid to remove "unreasonable barriers" to accessing pension freedoms.

The new measures - announced as part of the Queen's Speech - will bring the rules on contract and trust based schemes into line and ensure excessive charges do not prevent occupational scheme membe...

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