FCA introduces cap on early-exit pension charges
‘Proportionate balance between benefits'
The Financial Conduct Authority (FCA) has announced its final rules on capping early exit charges for consumers eligible to access the government's pension reforms from the age of 55.
In Policy Statement PS16/24: Capping early exit pension charges, the regulator stated that, from 31 March 2017, early exit charges would be capped at 1% of the value of existing contract-based personal...
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