exit fees

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.

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