[137FBB FCA general rules: early exit pension charges]
[137FBB FCA general rules: early exit pension charges]

[(1)     The FCA must make general rules prohibiting authorised persons from—

(a)     imposing specified early exit charges on members of relevant pension schemes, and

(b)     including in relevant pension schemes provision for the imposition of specified early exit charges on members of such schemes.

(2)     The rules must be made with a view to securing, so far as is reasonably possible, an appropriate degree of protection for members of relevant pension schemes against early exit charges being a deterrent on taking, converting or transferring benefits under the schemes.

(3)     The rules may specify early exit charges by reference to charges of a specified class or description, or by reference to charges which exceed a specified amount.

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