The FSA is on track to completing the review of mis-sold personal pensions by its target date of 3...
The FSA is on track to completing the review of mis-sold personal pensions by its target date of 30 June, 2002. By that time the majority of consumers with outstanding claims will have had an offer made and should expect to receive compensation by December 2002. Some 84% of phase two cases have already been completed and offers have been made to more than one million consumers, amounting to £9bn. Between now and the 30 June deadline the FSA has said enforcement action will be used where necessary, noting that some small intermediaries remain unwilling to take responsibility for red...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes