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BRIEF-UK's FCA regulator proposes cap on pension early exit charges
May 26, 2016 / 6:16 AM / 2 years ago

BRIEF-UK's FCA regulator proposes cap on pension early exit charges

May 26 (Reuters) - Financial Conduct Authority (FCA):

* Financial Conduct Authority (FCA) has today announced level at which it will consult to cap early exit charges for those consumers wishing to make use of pension freedoms

* Has proposed that for existing contract-based personal pensions, including workplace personal pensions, exit charges will be capped at 1 pct of value of a member’s pot (Bengaluru Newsroom: +91 806 749 1136)

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