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...
03 July 2018
In September 2016, the Institute and Faculty of Actuaries (IFoA) launched its Quality Assurance Scheme (QAS), a voluntary accreditation scheme for UK-based firms that employ actuaries. The scheme,...
21 June 2018
On Saturday 23 June, a team from OAC will be taking part in "The Actuaries Charity Walk" arranged by The Worshipful Company of Actuaries. It is an 11-mile walk around London to raise money for:...
20 June 2018
This week, OAC was pleased to attend and support the Association of Financial Mutuals (AFM), including representatives of its membership, at an 'All-Party Group for Mutuals' meeting in Westminster,...
01 March 2018
It is important to us to understand how well our teams, across the business, are performing with clients and understand the challenges they face so the services they receive can be continually impr...
28 November 2017
An interview with Darren Richards, Chief Executive at OAC. So, six months in, how has OAC changed since signing up to the Women in Finance Charter? Being honest, signing up to the HM Treasury Wom...
03 November 2017
On Friday 27 October, the FCA published its final guidance on how to calculate redress for unsuitable defined benefit pension transfers (FG17/9). The FCA also provided a summary of feedback from th...
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