British steel industry workers protest over jobs, pay and conditions of work, outside of the Houses of Parliament in London, Britain, June 28, 2023. REUTERS/Toby Melville [1/4]
LONDON, June 28 (Reuters) – The Financial Conduct Authority (FCA) has banned a pension adviser from holding senior management positions over his role in a high-profile mis-selling scandal that led to British Steel workers receiving poor financial advice around eight years ago.
Around 8,000 members of the British Steel Pension Scheme (BSPS) transferred their guaranteed, defined benefit retirement savings to other schemes – with around half receiving unsuitable advice – triggering two fines, […]
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