The Financial Services and Markets Act 2000 (Early Exit Pension Charges) Regulations 2016
Section 137FBB of the Financial Services and Markets Act 2000 (c. 8) (as inserted by the Bank of England and Financial Services Act 2016 (c. 14)) requires the Financial Conduct Authority to make rules preventing specified charges being imposed on members of pension schemes who take, convert or transfer pension benefits after they have reached normal minimal pension age but before their expected retirement date. These Regulations specify matters that are not to be treated as early exit pension charges for the purposes of section 137FBB.