FCA said intervention will ensure responsible firms meet cost of redress
FOS has upheld 184 investment and pensions claims against the firm
‘Wholly unacceptable and constitutes serious malpractice’
‘We recognise that some firms need to make significant changes’
Two out of three failed firms linked to British Steel transfers
The lifeboat fund received eight claims against the firm
'Certain individuals are more vulnerable to its effects than others'
The FSCS has received 217 pension transfer advice claims against the firm
The lifeboat fund has received two claims against the firm
Follows accountability hearing of the FCA on 7 November 2022