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Tuesday 19 January, 2016

HM Treasury

Statement re Early Exit Charges

RNS Number : 3213M
HM Treasury
19 January 2016
 

The Chancellor George Osborne today announced plans to introduce legislation to place a duty on the Financial Conduct Authority (FCA) to cap excessive early exit charges for those eligible to access their pension pot under the new pension freedoms. The independent FCA will be responsible for setting the level of the cap and will consult fully in due course.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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