Compensation
Redress solution for bad pension transfer advice likely to cause more problems
If enacted, the recommendations could put consumers in a worse tax position
Succession sets aside £10.4m for potential legacy DB liabilities
It is working closely with the FCA about pension transfer advice given by an acquired business
Sky-high inflation risks British Steel victims being short changed
‘Based on the current methodology, the higher the rate of gilt yields then the lower the redress will be’
FCA urges victims of jailed adviser to come forward
Ahead of confiscation hearing as they may be awarded compensation
FSCS to shut down mini-bond compensation scheme
But urges relatives of deceased bondholders to come forward