Britain proposes fee cap on cashing in pension pots

By Huw Jones LONDON (Reuters) - Charges on Britons cashing in their pension early will be capped at 1 percent of the pot's value from March 2017, the Financial Conduct Authority proposed on Thursday. The FCA also said that insurers will not be able to apply any early exit charge for personal pension contracts entered into after the proposed new rules come into force. "This is an important step so people feel able to access their pension savings should they wish to," FCA Director of Strategy and