Compensation
Victims of bad pension transfer advice to receive more compensation
Proposed changes in calculation will apply to British Steel members as well
UK investors received £584m in compensation in 2021-22
Lifeboat scheme paid out £114m to 9,000 mini-bond victims in six months
Give more money to fraud victims, says UK prosecution service
Current legislation limits how much compensation can be paid out
FSCS cap saw investors lose £1bn in compensation
Pension advice claims made up almost half of the total
Ombudsman urges firms to settle claims quickly
It secured £22m in redress for consumers as part of initiative to tackle Covid backlog