News & insight
Our articles provide commentary and insight on a range of topical issues affecting the financial and legal service industries. We also provide news and announcements about Congruent.
Congruent achieves ISO 9001 certification
We are pleased to announce that we have obtained ISO 9001 certification from a UK accredited body. This is a standard of requirements against which
Capital deduction for redress
The Financial Conduct Authority (“FCA”) have launched a consultation that would require Personal Investment Firms (“PIFs”) to quantify and set aside capital resources for “potential
Determining payment of redress under FCA DISP App 4
The two main ways in which redress can be provided are augmentation or by cash payment – another way is by purchase of an annuity
Congruent Calculations™ – DC pensions
Congruent have released, to existing subscribers, a new module that is part of the Congruent Calculations™ platform. The DC pension calculator determines the Notional Fund
Removing the impact of contributions and/or transfers from fund valuation
To determine redress according to FCA DISP App 4 (in particular DISP App 4.2.7G) one needs to consider the impact of contributions (which can include
Defined benefit pension transfers – performance statistics
Inflation expectations in the UK have resulted in increases in long-term interest rates as markets price in future expected base rate increases by the Bank
Deriving a loss index for defined benefit transfers
In this note we look at a simplified approach to constructing a “Loss Index”. This may be a useful measure in looking at the historical