FCA urged to ban 'unjustified' early exit charges for all savers

clock • 2 min read

The regulator should completely ban all pension early exit charges to prevent any saver being penalised for taking advantage of the freedom and choice reforms, Hargreaves Lansdown has said.

The firm said even the 1% cap due to be put in place for leaving existing schemes should be brought down to nothing. It said exit charges were not unjustified following the pension freedom reforms....

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

PMI: VfM is evolving, but it must resolve a core tension over metrics

PMI: VfM is evolving, but it must resolve a core tension over metrics

Helen Forrest Hall explores the tension between past performance and future strategy

Helen Forrest Hall
clock 25 February 2026 • 4 min read
Smiths News receives warning notice from TPR over Tuffnells scheme

Smiths News receives warning notice from TPR over Tuffnells scheme

Regulator considering FSD after Tuffnells sponsor entered administration in 2023

Jonathan Stapleton
clock 23 February 2026 • 1 min read
SPP: Small pots policy settled as details debated

SPP: Small pots policy settled as details debated

Helen Rowan looks at how legislation to enact small pot consolidation is progressing

Helen Rowan
clock 20 February 2026 • 3 min read
Trustpilot