FCA warns of 'misleading' British Steel redress offers

FCA said actions are ‘wholly unacceptable and constitute serious malpractice’

clock • 3 min read
FCA warns of 'misleading' British Steel redress offers

The Financial Conduct Authority (FCA) has issued a stark warning to former British Steel Pension Scheme (BSPS) members to avoid any firms making unsolicited offers of redress, or they risk financially losing out.

In a statement on its website the regulator revealed certain firms have been contacting former BSPS members who have not made complaints about advice they received in respect of their pension, and ...

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 Industry

TPR: Economic growth and saver interests can be 'mutually reinforcing'

TPR: Economic growth and saver interests can be 'mutually reinforcing'

CEO Nausicaa Delfas gives speech confirming supervision changes are ongoing at TPR

Jasmine Urquhart
clock 28 March 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Barnett Waddingham acquired by Howden, Spring Statement, TPR gender pay gap report

Professional Pensions
clock 28 March 2025 • 1 min read
News Digest: IFS says Reeves could tax pensions and wealth if economy worsens

News Digest: IFS says Reeves could tax pensions and wealth if economy worsens

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 28 March 2025 • 1 min read
Trustpilot