The FCA has confirmed that it is shortly going to amend its guidance for firms on how to calculate redress for unsuitable DB transfer to reflect Government changes to the way that the Retail Prices Index (RPI) inflation measure is calculated from 2030.
In October 2017, the FCA issued its final guidance (FG17/9), setting out how firms must calculate redress for unsuitable pension transfers. This guidance refers to both the RPI and the Consumer Prices Index (CPI), an alternative inflation measure.
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