Cap on pension exit fees proposed

Rachel Lacey

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Exit fees on pensions should be capped at 1%, according to the Financial Conduct Authority.

Exit fees on pensions should be capped at 1%, according to the Financial Conduct Authority.

The regulator will now consult on its proposal, which would apply to all personal pension contracts – including workplace pensions. 

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Source Moneywise http://ift.tt/1scct6e