Redress of DB schemes 'will cost billions'

Reports suggest the BSPS alone could cost the financial advice industry £300m

Holly Roach
clock • 2 min read
Redress of DB schemes 'will cost billions'

The cost of unsuitable defined benefit (DB) transfer advice could reach billions of pounds, according to financial regulation consultancy Bovill.

The firm suggested the cost of redress for DB transfers is set to skyrocket noting reports have suggested the British Steel Pension Scheme (BSPS) alone "could cost the financial advice industry £30...

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