Property News · January 19, 2016

'Rip-off' pension exit fees will be capped, says George Osborne


Government announces plan for financial regulator to cap ‘prohibitive’ charges levied on savers who wish to cash in pension potsThe government has announced plans to cap the “rip-off” exit charges levied on savers who opt to cash in their pension pots as a result of the pension freedoms introduced in April last year.George Osborne said on Tuesday that the government will place a duty on the financial regulator to cap “prohibitive” exit fees, which can run into thousands of pounds and stop consumers from accessing their funds early. Continue reading…

Source : theguardian.com
Read more…‘Rip-off’ pension exit fees will be capped, says George Osborne

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