Mis-selling cases unresolved

Around 700,000 cases have yet to be resolved in phase two of the pensions mis-selling review. The FSA is now setting a target of 2002 for completion. The regulator has identified that 900,000 phase two cases need to be resolved after the passing of the deadline of March this year for people who believe they have a case to make themselves known to the regulator. Around 190,000 cases have already been completed for phase two, which covers investors who were aged 35 or under when they took out a personal pension. So far approximately £1bn in redress has been paid out to investors. It is an...