Next Generation Technical Support

News

UK gov’t steps up reform pressure on pension industry

UK gov’t steps up reform pressure on pension industry

The British Government has announced plans to strengthen the ability of savers to access their pension pots and tackle any unjustifiable exit fees thrown up by pension providers. UK chancellor George Osborne said the Treasury will begin a consultation next month to see if there is any evidence of excessive early exit penalties, and will look into the option of imposing a legislative cap on these charges for those aged 55 or over. Please link to International Adviser to read the full article by Richard Hubbard.

Become a member for as little as £25/month