Redress Solutions

24 February 2023

Current Issues in Redress - Q1 2023

This edition covers Market Update PS22/13 “Calculating redress for non-compliant pension transfer advice” PS22/14 “Consumer redress scheme for unsuitable advice to transfer out of th...

02 December 2022

OAC’s initial comments on Policy Statement PS 22/13

On 28 November 2022, the FCA issued Policy Statement PS 22/13 "Calculating redress for non-compliant pension transfer advice". This formalises many of the proposals contained in the consultation...

03 December 2021

The art of data gathering for redress calculations

Data, whether it relates to the Investor, the ceding occupational scheme or the personal pension plan, forms the foundation of a redress calculation. Often, a considerable period of time has elapse...

04 November 2021

What is pensions redress?

The aim of redress is to compensate the customer for the unsuitable advice that they have received from a financial advisor.  In a pensions context this includes advice to transfer a defined benefi...

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