FCA adapts DB transfer advice redress methodology following feedback

Several changes made

Carmen Reichman
clock • 2 min read

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

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

The full list of pensions ministers since 1998

The full list of pensions ministers since 1998

The full list of the ministers who have been responsible for pensions

PP Staff
clock 23 July 2026 • 1 min read
Transfer changes 'a start, not the finish line', industry says

Transfer changes 'a start, not the finish line', industry says

Clear and practical guidance ‘essential’ to apply the new framework consistently and with confidence

Jonathan Stapleton
clock 22 July 2026 • 4 min read
SPP urges HMRC to amend draft GMP conversion rules

SPP urges HMRC to amend draft GMP conversion rules

Trade body says changes are needed to protect savers from unintended tax charges

Jonathan Stapleton
clock 21 July 2026 • 1 min read
Trustpilot