FSA on target to tackle mis-selling by June end

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...