On 26 May 2016, we launched a consultation on whether a cap should be applied to early exit charges in trust-based defined contribution occupational pension schemes.
We also published an impact assessment setting out the expected effects of introducing a cap on exit charges. It considered a range of levels of cap from 2 to 10%.
This analysis adds to this information, by exploring the impacts of a 1% cap on exit charges.
Read the consultation and impact assessment: Capping early exit charges for members of occupational pension schemes.