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.
![Financial complaints and disputes - Congruent](https://mycongruent.com/wp-content/uploads/2019/05/nik-macmillan-280300-unsplash-1-300x200.jpg)
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”
![DB pension transfer complaint - Congruent](https://mycongruent.com/wp-content/uploads/2022/05/campaign-creators-1167002-unsplash-1024x741-1-300x217.jpeg)
CP22/15: Assumptions and methodology analysis
CP22/15: Assumptions and methodology analysis In their recent consultation CP22/15, the FCA has proposed changes in methodology to determine redress for non-compliant pension transfer advice,
![Actuarial Redress Calculator for Pension Transfer Complaints at CMCs](https://mycongruent.com/wp-content/uploads/2019/07/dylan-gillis-KdeqA3aTnBY-unsplash-300x200.jpg)
CP22/15: FCA pension transfer redress consultation
The FCA released CP22/15: pension transfer redress consultation on 2 August 2022. This is the (overdue) four-year review of the pension redress methodology FG17/9. The
![Congruent Calculations - Congruent Actuarial and Financial Risk Consultants](https://mycongruent.com/wp-content/uploads/2019/10/stock-1863880_1920-300x200.jpg)
Higher discount rates = lower compensation?
Higher discount rates = lower compensation? Long term interest rates have, in recent months, increased significantly. The 15-year, 5 year forward gilt rate from the
![Redress Calculations for IFAs](https://mycongruent.com/wp-content/uploads/2019/06/sergey-zolkin-_UeY8aTI6d0-unsplash-300x200.jpg)
Congruent Calculations™ – British Steel Pension Scheme redress templates
In the FCA consultation paper on the redress scheme for former members of the British Steel Pension Scheme is a table of the comparison of
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BSPS Consumer Redress Scheme – Asset Restriction Rules
Asset Restriction Rules New rules come into force for affected firms from 00.01 am on 27 April 2022. These rules impact firms that advised members
![Congruent Calculations - Congruent Actuarial and Financial Risk Consultants](https://mycongruent.com/wp-content/uploads/2019/10/stock-1863880_1920-300x200.jpg)
FCA RPI-CPI new adjustments
CPI adjustments used for pension redress calculations RPI will be aligned with CPI (or strictly speaking with CPIH) from 2030. The long-range forecasts that we
![New online redress calculation service for DB pension transfers](https://mycongruent.com/wp-content/uploads/2019/10/john-schnobrich-yFbyvpEGHFQ-unsplash-300x189.jpg)
S404 Redress Scheme
FCA has announced a consultation on a redress scheme for former members of the British Steel Pension Scheme (“BSPS”) who were give unsuitable advice. The
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Pensions Redress
Paying redress when an individual has a pensions loss needs individual consideration. A pensions loss often means that it has been agreed that the individual