The Financial Conduct Authority (FCA) has made several changes to its proposed methodology for calculating redress for bad advice on defined benefit (DB) pension transfers following industry feedback.
In a finalised guidance published on Friday, the regulator updated various elements of the redress calculation including the way enhancements are valued, allowing for spousal age differences to be ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date