The Financial Services Compensation Scheme has said that it will pay the exit and administration charge (EAC) that the joint administrators propose to levy on Hartley Pensions Limited (HPL) customers, despite earlier saying that it could not.

The Government’s three month probe into pension exit fees has been described as a “wakeup call to those providers who still think pensions born in the 1990s are fit for the 21st century”. Read more...