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FCA publishes customer-facing webpage on pension transfer redress calculations

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Published on: 15 September 2022

Published by LNB News

LNB News 15/09/2022

Document Information

Issue Date: 15 September 2022

Published Date: 15 September 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has published a webpage on defined benefit (DB) pension transfers redress calculations, showing those affected how firms work out how much compensation they may be due if they received unsuitable pension transfer advice. The webpage also illustrates how the FCA’s redress calculation methodology is impacted by changes in the economy, and potential changes to calculations following its consultation paper CP22/15: Calculating redress for non-compliant pension transfer advice.

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