FCA warns firms on DB redress calculation rules

‘Small number’ of firms are not including all fees and charges

Jenna Brown
clock • 2 min read
FCA warns firms on DB redress calculation rules

The Financial Conduct Authority (FCA) has warned firms they must comply with its defined benefit (DB) redress calculation rules after a “small number” were found not to be including all fees and charges.

It said a minority of firms were not considering ongoing fund costs and/or fully allowing for ongoing adviser charges in the redress calculations. It pointed out, Final Guidance 17/9, released in 2...

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