Changing sides: Improving the pension transfer process

The government first announced its intention to cap pension early exit charges with a consultation in July last year.  The consultation, Pension transfers and early exit charges, closed in October and the government's response has recently been published. Data was gathered from providers of contract and trust-based schemes, in addition to a consumer facing survey. The majority of the issues covered relate to pension schemes and pension scheme providers; however there are aspects of the response that I believe will be of interest to advisers, in particular, those pertaining to pensi...