The FCA is considering the revision of the calculation of redress an entity has to pay in case of unsuitable advice given to a client regarding joining a private pension scheme. According to the officials at the Financial Conduct Authority (FCA), the current methodology that is used to calculate the redress does not provide the…

There have been mumblings of a total ban on private sector defined benefit pension transfers in the last few days. The calls come amidst a marketed increase in requests from people to move their cash out of occupational defined benefit schemes since the pension reforms. The government put a ban on unfunded public sector schemes…