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We published the government response to this consultation on 3 July 2017.
We published statutory guidance on capping early exit charges for trustees and managers of occupational pension schemes, and service providers on 12 July 2017.
This consultation seeks views on the draft Occupational Pension Schemes (Charges and Governance) (Amendment) Regulations 2017. The regulations would introduce restrictions on early exit charges for members of occupational pension schemes who are eligible to access the pension freedoms.
The regulations also restrict charges being imposed on members of certain occupational pension schemes to recoup the cost of commission payments made to advisers in relation to contracts entered into before 6 April 2016.
This consultation is aimed at:
- pension industry bodies and professionals
- trustees or scheme mangers
- pension scheme members and beneficiaries
- employers and representative organisations
- any other interested parties
In May 2016 we published a consultation on capping early exit charges for members of occupational pension schemes. We added the government response in November 2016.