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.
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
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