Also, exiting the policy in a short term may yield very low returns as a large chunk of your investment would go in meeting exit charges. (policybazaar.com)
The money can't be pulled out without incurring exit charges and surrender charges. (policybazaar.com)
Yvonne Braun, ABI Director of Long Term Savings Policy, comments: «We note the announcement by the Chancellor today that he plans to introduce a new duty on the FCA to cap exit charges on pensions. (politics.co.uk)