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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.

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Redress Calculations

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

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SIPP investment complaint - Congruent
Congruent Calculations

PS22/13: Implementation results

PS22/13: Implementation results  The FCA have updated the rules in the policy statement PS22/13 around the determination of redress for non-compliant pension transfer advice.  There

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Financial complaints and disputes - Congruent
Pension Complaints

FCA FG17/9 Update

https://www.fca.org.uk/news/statements/confirm-periodic-review-pension-transfers-redress-guidance  There is an update from the FCA (see link above) – they have updated the “Allowing for ongoing product charges and ongoing adviser charges”

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