FCA to consult on British Steel pension transfer redress
Five months after stating it had ‘insufficient evidence’
British Steel
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Another British Steel advice firm fails
UK lifeboat scheme has already received six claims against it
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Over 1,000 claims against British Steel sent to FSCS
Total compensation now stands at around £30m
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Three British Steel IFA firms go bust
Clients may be eligible for compensation
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FCA under investigation over handling of British Steel scandal
7,700 members could have received unsuitable advice which saw £2.8bn transferred out
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British Steel IFA firm goes into liquidation
Deal to sell business and assets fell through
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British Steel adviser appeals proposed FCA £1.3m fine and ban
The decision notice will only take effect if Upper Tribunal supports the watchdog’s findings
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Are unregulated investments ever a good idea?
Bad news travels fast and folklore can create a general mistrust of the industry
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No ‘sufficient evidence’ for British Steel victim redress scheme
Amid concerns reparations could have a ‘significant impact’ for markets and pension freedoms
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FCA urges British Steel DB victims to claim compensation
Even those happy with the transfer encouraged to come forward
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45 UK firms declared in default in last six months
One company was reportedly involved in British Steel Pension Scheme scandal
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British Steel IFA firm enters liquidation
It stopped offering DB transfer advice and suspended its permissions in 2017