British Steel adviser firm fails
UK lifeboat scheme is now accepting claims against the company
British Steel
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FCA urges British Steel DB victims to ‘seek compensation’
People who received unsuitable advice and don’t act may end up with ‘no money during retirement’
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FSCS pays out £6m over offshore property assets
Financial advice firm linked to British Steel scandal was involved along with 18 others
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FCA bans contingent charging for DB pension transfers
Need to ‘improve professionalism’ of transfer specialists and their ‘knowledge in choosing assumptions’
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Four British Steel pension scheme complaints rejected
As Pensions Ombudsman found ‘no evidence of scaremongering’ and ruled in favour of trustee
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British Steel workers get improved pay-outs
Financial Services Compensation Schemes issues update on Active Wealth clients
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Ombudsman finalising decisions on British Steel complaints
Grievances about cash equivalent transfer values and early retirement factors
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British Steel workers let down by basic mistakes
Independent review found scarce communication and information left pension scheme members in a vacuum
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Lifeboat scheme U-turn over British Steel mis-selling scandal
FSCS offers additional compensation to those ‘let down’ by Active Wealth
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FCA keeps ‘unsuitable’ DB transfer assumption
The Financial Conduct Authority (FCA) has backtracked on a proposal to change its position that an adviser should assume that a Defined Benefit (DB) pension transfer is “unsuitable” for a client.
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Public IFA register resurrected amid British Steel scandal
In a move that comes too late for scammed British Steel Pension Scheme (BSPS) members, the Financial Conduct Authority has announced a consultation on a public register of approved financial advisers and other industry professionals.
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How was the British Steel pension scandal allowed to happen?
A damning report from the UK’s Work and Pensions Committee has blasted the actions of some financial advisers who acted like “vultures”, and who “bamboozled” British Steel Pension Scheme (BSPS) members, raising questions about how this could happen in a post-RDR world?