Redress Solutions for Life Assurance Companies

Providing expert support and guidance to deliver robust, compliant and fair outcomes for you and your customers

We have over 25 years’ experience in supporting Life Assurance companies resolve a wide range of pensions redress issues. Over this time we have built up a trusted and reliable reputation for the quality of our work, our attention to detail and our ability to communicate the complexities of redress to our clients. 

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Redress Services for Life Assurance Companies

We provide a range of specialist services for insurance companies to help improve procedures, reduce risk, save time and ultimately reduce costs and deliver robust and fair outcomes. These include: 

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Why work with OAC Redress Solutions

OAC are uniquely placed to be your independent actuarial partner in the redress process.

We provide a full range of actuarial redress calculations, meaning that we are able to offer a single point of support for all your redress needs.  

We listen carefully to our clients’ objectives and develop the service that they require, integrating our capabilities with the in house capacity and expertise.  

We understand your obligation to treat customers fairly and will help you achieve this, ensuring that the compensation offer is compliant and in line with industry best practice.  

In an environment where redress is increasingly complicated, we believe that transparency is key.  We provide clear reports and calculation summaries so that you, your customers and claims managers can understand how compensation has been calculated.

By working with us your business will benefit from:

  • Expertise and knowledge as 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.  
  • Experts who understand and can assist with complex areas such as pensions tax and GMP equalisation.
  • Over 25 years experience in preparing a wide range of redress calculations.  
  • A full range of robust calculations prepared using established software
  • An adaptable, scalable solution designed to meet your needs.
  • A smooth onboarding process where you will receive support and insight from our experts
  • An accessible and professional consultancy service which enables you to understand the complexities of redress so that you can make the right choices for your business 

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