Total redress was lower than £50m estimate due to ‘changing economic conditions’
Former British Steel workers will be able to ‘reverse transfer’ their pots into a DB scheme
Pensions Buzz readers were asked for their thoughts on victim compensation
FCA said actions are ‘wholly unacceptable and constitute serious malpractice’
Tata Steel UK says it expects a further buy-in for remaining liabilities to transact this year
Over 300 IFA firms will be affected with compensation owed to over 1,000 members
PIMFA responds to the FCA’s consultation on a consumer redress scheme
FCA says it was unaware of transfer interest as scheme trustees held that data
Financial Vulnerability Taskforce points to the lack of intervention and guidance
Trustees are increasingly concerned about the standard of advice given to members, according to research from Professional Pensions and Aon