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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Enhanced Protection and Transfers Don’t Mix
Enhanced Protection and Transfers Don’t Mix If you have Enhanced Protection be very wary of pension transfers. A pension transfer can easily result in a
![Redress Calculations for IFAs](https://mycongruent.com/wp-content/uploads/2019/06/sergey-zolkin-_UeY8aTI6d0-unsplash-300x200.jpg)
FCA statement on BSPS consumer redress scheme
FCA statement on BSPS consumer redress scheme The FCA has announced that it expects to consult by the end of March 2022 on a “s404
![Financial complaints and disputes - Congruent](https://mycongruent.com/wp-content/uploads/2019/05/nik-macmillan-280300-unsplash-1-300x200.jpg)
The End Of No-Win-No-Fee (Claims Management Companies)?
The End Of No-Win-No-Fee (Claims Management Companies)? Claims Management Companies usually offer to pursue a claim on the basis that if they are unsuccessful there
![Media Contact at Congruent](https://mycongruent.com/wp-content/uploads/2019/06/matthew-guay-Q7wDdmgCBFg-unsplash-300x149.jpg)
SERPS adjustment in relation to transferred defined pension benefits to a personal pension plan
A SERPS adjustment can only apply to an individual who has some Guaranteed Minimum Pension (“GMP”) – in other words who has some contracted-out employment
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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
![Actuarial Redress Calculator for Pension Transfer Complaints at CMCs](https://mycongruent.com/wp-content/uploads/2019/07/dylan-gillis-KdeqA3aTnBY-unsplash-300x200.jpg)
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
![SIPP investment complaint - Congruent](https://mycongruent.com/wp-content/uploads/2019/06/adeolu-eletu-13086-unsplash-300x198.jpg)
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
![DB pension transfer complaint - Congruent](https://mycongruent.com/wp-content/uploads/2019/06/campaign-creators-1167002-unsplash-300x217.jpg)
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
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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