Exit charge cap poses challenges for trustees

Michael Klimes
clock • 4 min read

DWP's consultation on capping exit charges in occupational schemes has closed. Despite agreement on removing barriers to the freedoms, Michael Klimes finds there will be major administration hurdles.

At a glance Government is committed to introducing level playing field on charges  It is harder to cap exit fees for trust-based schemes  Responses to DWP consultation bear this out ...

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