TPR/FCA must also be held responsible for British Steel

Financial Vulnerability Taskforce points to the lack of intervention and guidance

Ayesha Venkataraman
clock • 2 min read
FVT chair Keith Richards
Image:

FVT chair Keith Richards

Both The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) must share "some responsibility" in the British Steel pension saga, having failed to provide timely intervention and guidance, according to the Financial Vulnerability Taskforce (FVT).

The FVT has retrospectively emphasised the need for a quicker response by both regulators when "the problems first became evident and before members felt they had little option but to seek advice u...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: PMI appoints data insight partner

Tender Watch: PMI appoints data insight partner

Mortality Monitor webinars will help with member information, modelling, mortality rates and de-risking

Professional Pensions
clock 11 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
Trustpilot