8min chapter

Many Happy Returns cover image

The Default Pension Trap: What to Consider BEFORE You Switch Pension

Many Happy Returns

CHAPTER

Navigating Pension Transfer Complexities

This chapter explores the intricate issues surrounding exit fees in pension schemes, with insights from the Financial Conduct Authority on regulatory efforts to address them. It emphasizes the significance of understanding pension policies, especially when transferring or consolidating pensions, and discusses the risks associated with these processes. Personal anecdotes provide a relatable context for the challenges and considerations involved in managing workplace pension schemes and preparing for retirement.

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