Does the 1% cap on early pension exit fees go far enough?
The industry is divided on the FCA's proposed cap
The regulator has proposed a cap of 1% on controversial early exit charges for existing pensions, but the industry is mixed on whether this move goes far enough to help consumers.
The new cap, announced in a consultation paper released on 26 May, will affect personal and stakeholder pensions - both individual and workplace - as well as self-invested personal pensions, for those...
More on Pensions
Pension scam red flags hit record level - XPS
But steady transfer values
Untouched DC pension wealth 'doubles' raising concerns about lost pots
Defined contribution (DC) pension wealth in the UK has more than doubled since the start of auto-enrolment in 2012, raising concerns about lost pensions.
Adrian Boulding: SSAS market ripe for service upgrade
'This sleepy corner on the occupational pension world is ripe for a service upgrade'
FSCS begins accepting claims against Guinness Mahon; already received 961 complaints
Entered administration in February
XPS launches pension scam tracker as cases 'spike' during lockdown
Part of its Transfer Watch tracker
More news
UK borrows £34bn in December as public sector debt set to increase through 2021
Third highest monthly figure since 1993
Advisers to be levied £240m again as FSCS announces £1bn overall levy
'Cannot normalise this level of loss'
Daniel Baade: The rise of debt financing in IFA M&A
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Quilter supports 285 young carers in the UK by raising £10,600
Supported over Christmas
Treasury Taskforce to address FSCS levy concerns and work with FCA
Plus online scams
