Capping early exit charges for members of occupational pension schemes – Ensuring a fair and consistent approach across all defined contribution pensions
Consultation opened on 26 May 2016. Closing date 16 August 2016.
Summary
Publication of a consultation paper in relation to proposals to introduce a cap on early exit charges imposed by providers of occupational pension schemes when a member leaves the scheme early in order to access their pensions flexibly.
Consultation description
This consultation is seeking views on proposals to introduce a cap on early exit charges imposed by providers of occupational pension schemes when a member leaves the scheme early in order to access their pensions flexibly. The responses to this consultation will inform legislative changes that will bring the cap into effect.