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UK government moves to cap early exit pension charges

UK government moves to cap early exit pension charges

UK chancellor George Osborne has announced plans to introduce legislation to give the Financial Conduct Authority (FCA) the power to cap excessive early exit charges for those eligible to access their pension pots under the new pension freedoms. The FCA, the main industry regulator, will be responsible for setting the level of the cap and plans to consult with the industry in due course. Please link to International Adviser to read the full article by Richard Hubbard.

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