PPF called to compensate British Steel victims

PIMFA responds to the FCA’s consultation on a consumer redress scheme

Hope William-Smith
clock • 2 min read
Tata Steel steelworks in Port Talbot, Wales
Image:

Tata Steel steelworks in Port Talbot, Wales

The Pension Protection Fund (PPF) should take in the members of the former British Steel Pension Scheme (BSPS), says the Personal Investment Management & Financial Advice Association (PIMFA).

The trade body suggested this plan as it addressed the fate of the BSPS members who transferred out of the defined benefit (DB) scheme in 2017 in a new proposal presented to the Financial Conduct A...

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

Hope William-Smith
Author spotlight

Hope William-Smith

Editor at Professional Adviser

View profile
More from Hope William-Smith

Chair of The Pensions Ombudsman Caroline Rookes dies

DC pension holders now waiting an average of 29 days for transfers

More on Defined Benefit

DB surplus extraction is an appealing concept to most, PLSA survey finds
Defined Benefit

DB surplus extraction is an appealing concept to most, PLSA survey finds

Changes to governing rules driving reconsideration of endgame plans

Holly Roach
Holly Roach
clock 20 March 2025 • 2 min read
Mortality rates return to similar levels to pre-pandemic, analysis shows
Defined Benefit

Mortality rates return to similar levels to pre-pandemic, analysis shows

Aon has analysed mortality trends over the last five years, with 2024 reaching similar levels to 2019

Jasmine Urquhart
Jasmine Urquhart
clock 20 March 2025 • 2 min read
DB pension risks 'weigh heavily' on UK balance sheets
Defined Benefit

DB pension risks 'weigh heavily' on UK balance sheets

LawDeb finds most see pension scheme as having risks alongside cyber threats

Jasmine Urquhart
Jasmine Urquhart
clock 19 March 2025 • 1 min read
Trustpilot