The chancellor recently announced that the treasury will end what many consider to be 'rip-off' exit charges for pensions. George Osborne stated:

'We've listened to the concerns and the newspaper campaigns that have been run and today we're announcing that we will change the law to place a duty on the Financial Conduct Authority to cap excessive early exit charges for pension savers. We're determined that people who've done the right thing and saved responsibly are able to access their pensions fairly.'

Naturally, the finer details will be critical, with the Financial Conduct Authority charged with capping,...

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