FCA adapts DB transfer advice redress methodology following feedback

In a finalised guidance published on Friday, the regulator updated various elements of the redress calculation including the way enhancements are valued, allowing for spousal age differences to be considered, and changes to pre-and post-retirement discount rates.  The guidance will take immediate effect, and will apply to any complaints received from 3 August 2016 as well as those not fully settled by that date. Complaints about older cases will also be eligible under certain circumstances. The regulator will review the methodology at least every four years, it said.  Mak...