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Pension transfers early exit charges

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The government is consulting until 21 October 2015 on three main options for capping excessive early exit charges for pension withdrawals and transfers under the new flexible arrangements, which include: (1) capping all early exit fees; (2) flexible capping; or (3) a voluntary approach by the industry. The document also seeks views on barriers in the pension transfer process and more clarity around financial advice. See

Issue: 1274
Categories: News , Pensions & investments