Average DB transfer complainant to receive no compensation

The consultancy's DB Redress Tracker, which uses the example of an individual who had left their scheme in 2018 aged 50 with a £10,000 per year pension, showed typical pension redress compensation continues to fall, with some or most cases having no redress. The tracker, which is developed in line with Financial Conduct Authority rules for calculating redress, showed the trend of falling redress continued in 2024 and accelerated in Q4 following rising gilt yields, which decreased the assessed value of transferred DB liabilities, with asset values rising more. Broadstone said the track...