Defined benefit pension transfers redress calculations

If you were given poor defined benefit (DB) pension transfer advice, you may be owed redress. Find out what a redress payment is and how it’s calculated. 

First published: 14/09/2022 Last updated: 20/03/2023 See all updates

Redress is about putting things right if you were given unsuitable advice to transfer out of your defined benefit or ‘final salary’ pension scheme.  

If you were given poor advice, your adviser must work out what you could be owed.  

A redress payment is intended to put you back in the financial position you would have been in had you remained in your defined benefit pension scheme. 

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