Occupational pensions: capping early exit charges and prohibiting existing member-borne commission charges
- Department for Work and Pensions
- 5 April 2017
- Applies to:
- England, Scotland, and Wales
We are analysing your feedback
Visit this page again soon to download the outcome to this public feedback.
This consultation ran from
A consultation on draft regulations: The Occupational Pension Schemes (Charges and Governance) (Amendment) Regulations 2017.
The Occupational Pension Schemes (Charges and Governance) (Amendment) Regulations 2017 (draft regulations): Capping early exit charges and prohibiting existing member-borne commission charges
PDF, 287KB, 20 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email email@example.com. Please tell us what format you need. It will help us if you say what assistive technology you use.
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.
Published: 5 April 2017