Financial Services Financial Services

Consumers hurt by bad pension advice should receive compensation, UK financial watchdog says

By Fiona Maxwell
  • 02 Aug 2022 11:51
  • 02 Aug 2022 11:51
Consumers given poor pension advice resulting in them transferring to unsuitable products should receive redress that would put them in the position they'd be in had the advice been suitable, the UK’s Financial Conduct Authority said today.
The FCA set out its thinking in a consultation paper today (see here),

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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