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

Growth in DC pots likely to lead to increased fraud risk, pensions minister says

Growth in DC pots likely to lead to increased fraud risk, pensions minister says

Torsten Bell says expanding DC pots will attract increased attention from fraudsters

Martin Richmond
clock 10 June 2026 • 2 min read
Industry praises consultation on DB surplus release

Industry praises consultation on DB surplus release

Sector welcomes the additional clarity but warns ‘the devil will be in the detail’

Holly Roach
clock 10 June 2026 • 10 min read
Industry backs revised transfer regs but calls for 'clear and practical' guidance

Industry backs revised transfer regs but calls for 'clear and practical' guidance

Industry welcomes key changes to traffic-light transfer conditions

Jonathan Stapleton
clock 10 June 2026 • 5 min read
Trustpilot