All the updated news related to british steel pension scheme

All the news related to british steel pension scheme updated in real time

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Personal Finance

British Steel pension savers ‘left out of pocket by attempts to remedy losses’

Attempts to remedy financial losses suffered by British Steel pension savers have left many people not being fully compensated, according to a public spending watchdog. Some who transferred out of the British Steel Pension Scheme (BSPS) suffered ...

18 Mar 2022 at 01:25

Personal Finance

Watchdog sets out £71m plan to help British Steel pension savers

British Steel pension savers are to be compensated if they were poorly advised to switch their pension pots away from the company’s more lucrative defined benefits plans. The watchdog Financial Conduct Authority (FCA) has set out a plan which ...

31 Mar 2022 at 09:25

Personal Finance

£2.4m fine imposed by FCA after people advised to give up valuable pensions

A firm which advised people to give up valuable pensions has been fined nearly £2.4 million by the City regulator. Pembrokeshire Mortgage Centre Limited (PMC), trading as County Financial Consultants, gave unsuitable advice to consumers to ...

02 Dec 2022 at 12:20

Personal Finance

British Steel pensioners had a ‘gun to the head’ says former watchdog Bailey

The former boss of the City watchdog has said that British Steel pensioners had a gun to their head as they made one of the most complex financial decisions of their lives. Andrew Bailey, who now leads the Bank of England, told MPs that ...

14 Jun 2022 at 10:05

Personal Finance

City watchdog failed British Steel pension savers, MPs say

MPs have accused the City watchdog of letting down British Steel pension savers who were ripped off by poor advice from companies they thought they could trust. The Financial Conduct Authority (FCA) did not protect the members of the ...

21 Jul 2022 at 08:45

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