PRA Consults On Greater Financial Services Compensation Scheme Coverage

The Prudential Regulation Authority is consulting on rule amendments to increase Financial Services Compensation Scheme coverage on pension scheme buy-outs applying to individuals who have moved abroad.
UK Finance and Banking
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The Prudential Regulation Authority is consulting on rule amendments to increase Financial Services Compensation Scheme coverage on pension scheme buy-outs applying to individuals who have moved abroad. The proposal is to make the changes by the end of the year and the consultation closes on May 30, 2024.

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