Guidance for firms on how to calculate redress for unsuitable defined benefit pension transfers

The Financial Conduct Authority issued finalised guidance FG17/9 to instruct firms on calculating redress for unsuitable defined benefit pension transfers. This document provides specific methodologies and requirements for firms to determine appropriate compensation amounts for affected customers. The guidance was initially published in October 2017 and subsequently updated in March 2022 to reflect any necessary revisions.

United Kingdom

Financial Conduct Authority

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Open consultation: GC17/1

10/03/2017

Consultation closed

10/06/2017

Finalised Guidance: FG17/9 Read more about Finalised Guidance: FG17/9

27/10/2017

Updated Finalised Guidance: FG17/9 Read more about Updated Finalised Guidance: FG17/9

31/03/2022

31/03/2022