Further wave of DB pension advice clients may get compensation

Julia Bahr
clock • 2 min read

The UK's Financial Conduct Authority has written to a further 950 defined benefit (DB) pension transfer advice customers who could be entitled to compensation from the Financial Services Compensation Scheme, taking the total this year to 3,591. The FCA said letters have been sent to customers of firms in liquidation where past business reviews have identified unsuitable advice was given to some customers.  The letters explained to clients they may be entitled to compensation, setting out their options and outlining how they can make a claim to the Financial Services Compensation Schem...

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