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Aifa dismay at re-opened pensions cases

Aifa says it is dismayed at the FSA&#39s proposal to re-open some closed pensions review cases to re-calculate the Serps element.

Aifa voices this concern in its response to PIA Consultative Paper 34, &#39&#39The Pensions Review: Re-calculating Loss ( and Redress) for Phase 2 Transfers – Serps Adjustment.&#39

Aifa says it is especially concerned because the need to re-calculate Serps in some cases stems from flaws in regulatory guidance not of the IFA&#39s making.

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