29 March 2021
The assumptions used to calculate redress for unsuitable defined benefit transfers are set out in the FCA guidance document FG17/9. FG17/9 was issued in October 2017 following a consultation period earlier in 2017. On 3 March 2021, the FCA announced that it would be updating FG17/9 in mid-March, without a consultation period. It also confirmed that any change to the guidance would be backdated to 25 November 2020 meaning that some completed calculations would need to be revisited. The upda...
09 April 2021
The PRA has published 2 policy statements: PS6/21 Operational resilience: Impact tolerances for important business services PS7/21 Outsourcing and third party risk management PS6/21 provid...
29 March 2021
The assumptions used to calculate redress for unsuitable defined benefit transfers are set out in the FCA guidance document FG17/9. FG17/9 was issued in October 2017 following a consultation period...
21 December 2020
OAC has commissioned a special performance by Oxford Girls' Choir Please follow the link below to view this concert OAC and Oxford Girls' Choir Carol Concert Founded in 1984 by Richard Vendome,...
28 October 2020
On 8 October 2020, EIOPA published their approach to POG supervision with the aim of "providing more clarity for insurance manufacturers and distributors on the supervisory approach to POG requirem...
13 October 2020
BoE and PRA Request to Understand Impact of Zero or Negative Bank Rate The Bank and the prudential regulator have asked certain firms, including insurers, to provide an assessment of system change...
![Suitability of [DB] Pension Transfer Advice](/media/1019/istock000069288285large.jpg?anchor=center&mode=crop&width=350&height=260&rnd=131003633030000000)
10 October 2020
Since the introduction of pensions freedoms in April 2015, consumers have more options available to access their pensions. Furthermore, recent changes in the financial environment have pushed trans...
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