Redress For Firms assisting FCA regulated firms with redress exercises
OAC are ideally placed to be your actuarial partner, bringing years of experience in redress to ensure the best outcomes for your clients.
OAC Redress Solutions provide insight into the actuarial aspects of redress so that you can deliver a versatile and comprehensive service to your clients. We deliver reliable, compliant calculations alongside knowledge accrued over 25 years of experience, ensuring that you and your client can plan and implement their past business review as effectively as possible.
Whether you are tendering for new work or are working with existing clients talk to OAC Redress Solutions to find out how we can support you.
We provide a range of specialist services to deliver business reviews, advice assessments and actuarial redress calculations. These include:
- Transfer Value Loss Assessment:
Assisting with individual cases or multiple calculations arising out of larger projects
- Loss Assessment in relation to Free Standing Additional Voluntary Contribution arrangements
- Assessment of the risk associated with Defined Benefit Transfer advice
- Review and Audit of Redress Calculations
- Training on redress calculations and the redress process
At OAC our experience and knowledge means that we are the ideal actuarial partner to assist with redress exercises. We offer:
- Over 25 years of experience in all aspects of redress – we continuously adapt our processes and calculations to reflect the most recent thinking by the Financial Conduct Authority (FCA) as well as developments in the broader pensions industry.
- A full range of robust redress calculations prepared using established software that incorporates rigid audit controls.
- An adaptable, scalable solution designed to meet the needs of you and your clients
- A collaborative approach to case management that works the way you do, including regular catch up meetings, the provision of monthly / weekly case work schedules and client specific case submission forms.
- Fixed fees for all major calculation types so that you have clarity over your financials.
- A professional consultancy team who will help you and your client understand the complexities of redress, representing you as you want to be seen.
- Are You Ready For A Transfer Loss Remediation Exercise?
- Understanding The Risk Associated With Defined Benefit Transfer Advice
- Current Issues In Redress Summer 2020
- Current Issues in Redress Summer 2020
- Current Issues In Redress Summer 2021
- Update to Redress Guidance FG17/9
- What Can We Learn From The FCAs Response To Transfers From The British Steel Pension Scheme?
- What Does The FCAs Guidance On Vulnerable Customers Mean For Pensions Complaints Handling?
- How Freezing The Lifetime Allowance Affects Redress?
"“We have worked with OAC for a number of years. Along with their technical knowledge and accuracy, we very much value their responsiveness to our calculation requests and any additional queries we have. They are very clear in their communications as well as being friendly and easy to deal with.”"
"We have been delighted with the quality of the service as well as the positive and proactive approach taken by OAC. We do feel like we are a valued client. Their communication - from emails, to governance meetings and in general correspondence has always been clear and transparent."
"We have enjoyed a long-standing relationship with OAC and can honestly say that the support they provide our business is second to none."