Retirement
Regulator slammed over British Steel redress calculation issues
FCA faces a potential judicial review if problems are not resolved
Brits hit with £382m bill after breaching lifetime allowance limit
Frozen thresholds mean even more people will have to fork over cash
Redress solution for bad pension transfer advice likely to cause more problems
If enacted, the recommendations could put consumers in a worse tax position
Pension industry hopeful after rumours of tax allowances review
‘These need an urgent overhaul, particularly at a time of rampant inflation’
Aviva tops pension complaints list
But just 24% of cases were upheld in H1 2022, Ombudsman data shows