FCA visits 16 firms on potential British Steel client mishandlings

In a letter sent to Work and Pensions Select Committee chair Frank Field, FCA executive director of strategy and competition Christopher Woolard offered a glimpse into the watchdog's role in regulating advisers with BSPS clients. As well as visiting 16 firms, Woolard said the FCA had identified firms that were particularly active in the relevant areas and had asked for details of their business models.    Where the regulator found failings in the advice provided by the firms, he added, it had taken action - including asking firms to stop providing further advice until they had made ch...