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.
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FCA Update – Pension transfers redress guidance
The FCA announced today confirmation that they will be reviewing the FG17/9 guidance by the end of 2021. The FCA also took the opportunity to
Investment, pensions and insurance misselling claims submitted to the Financial Services Compensation Scheme (“FSCS”)
FSCS has been criticised (Financial Times 6 August 2021) for not including necessary future adviser charges when calculating compensation for mis-sold pensions where the complainant’s
FCA Methodology – Sensitivity Analysis
RPI will be aligned with CPIH from 2030 which means that the methodology used to price CPI liabilities relative to RPI – usually with a
Final Update – FCA Announcement
The FCA has recently published (as of the 26 March 2021) updated guidance for firms to calculate redress for unsuitable defined benefit pension transfers (see FG17/9: Guidance for firms on how
Inadequate redress for unsuitable defined benefit pension transfers
If you handle claims for redress for unsuitable defined benefit pension transfers you will be aware of FCA’s announcement at: https://www.fca.org.uk/news/statements/retail-prices-index-changes-db-pension-transfer-redress This announcement is necessitated by changes
Update – FCA Announcement
Update 2 – FCA Guidance FG17/9 “Guidance for firms on how to calculate redress for unsuitable defined benefit pension transfers” In our first update on
FCA – Announcement
Update – FCA Guidance FG17/9 “Guidance for firms on how to calculate redress for unsuitable defined benefit pension transfers” On 25 November 2020 there was a
Determination of accommodation losses – an actuarial approach
The standard approach in the calculation of damages for a personal injury claimant uses Ogden Tables as prescribed by the Lord Chancellor under the provisions
DB Pension Transfers – Unexpected additional tax bills after giving up safeguarded pension benefits
This article is relevant to those who have been a member of a defined benefit (DB) pension scheme, expect a pension of more than £30,000