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.

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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.

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