FCA to modernise pension transfer redress system
Current methodology established in the 90s
The method for calculating pension transfer redress following unsuitable advice looks set to be overhauled by the Financial Conduct Authority (FCA) later this year.
The regulator said it intends to consult on changes to current methodology in the autumn. Pension transfer advice is needed when a client wishes to leave a defined benefit (DB) scheme - which provides...
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