FSA to make Serps decision by August

The FSA is expected to make a decision by August on whether to reopen Serps transfer cases completed before the PIA admitted its guidance was flawed on 17 December 2000. FSA spokesperson, Jackie Blyth, said she expected a decision to be made within the next month or two. Aifa has warned that the FSA would be setting a dangerous precedent if it ordered the reopening of cases completed before the PIA admitted the flaw. Regardless of whether or not they were affected by any Serps adjustment cases, intermediaries who fulfilled their obligations to complete checking before the PIA admitte...