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

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