Scottish Widows will remove early exit fees across all of its workplace and personal pension policies ahead of the charge cap deadline.
LV= has removed all pension exit charges from its products, allowing customers to switch to other providers without incurring a fee.
Follows FCA announcement on personal pensions
‘Proportionate balance between benefits'
A consultation into capping early exit charges for occupational pensions has revealed how "torturous and more opaque" the system is compared to personal pensions.
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.
DWP's consultation on capping exit charges in occupational schemes has closed. Despite agreement on removing barriers to the freedoms, Michael Klimes finds there will be major administration hurdles.
Trustees who understand sponsors' needs will not lead to lower likelihood of default according to PP research.
Have your say: Are fears of a dangerous precedent from changing benefits at British Steel exaggerated?
This week we want to know if the fears of setting a dangerous precedent by changing benefits at the British Steel Pension Scheme are overblown.
Will ban fees on new contracts
Last week's Queen's Speech contained a long awaited Pensions Bill to toughen up master trust regulation and plans to streamline the delivery of guidance. Helen Morrissey looks at whether these measures will adequately address problems within the market...
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.
A new Pensions Bill will strengthen master trust regulation and give The Pensions Regulator increased powers to police these schemes.
PP takes a look at the first IGC reports to see how the
Ongoing charges for some scheme members will be suspended over the next 12 months Phoenix Group has confirmed.