FCA visits 16 firms on potential British Steel client mishandlings
'Engaged in wider supervisory work'
"Our position is that transferring a pension out of a defined benefit scheme is unlikely to be in a consumer’s best interests" - FCA's Christoper Woolard
A letter from a senior Financial Conduct Authority (FCA) director has revealed the regulator has visited 16 firms to review British Steel Pension Scheme (BSPS) client files.
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...
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