FCA to modernise pension transfer redress system

Jenna Towler
clock • 2 min read

The method for calculating pension transfer redress following unsuitable advice looks set to be overhauled by the Financial Conduct Authority (FCA) later this year.

The regulator today said it intends to consult on changes to current methodology in the autumn. Pension transfer advice is needed when a client wishes to leave a defined benefit (DB) scheme whic...

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