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...
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
