FCA adapts DB transfer advice redress methodology following feedback

Several changes made

Carmen Reichman
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FCA adapts DB transfer advice redress methodology following feedback

The Financial Conduct Authority (FCA) has made several changes to its proposed methodology for calculating redress for bad advice on defined benefit (DB) pension transfers following industry 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 ...

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