Pensions Ombudsman investigating 150 British Steel complaints

Working with BSPS trustees

Hannah Godfrey
clock • 1 min read

The Pensions Ombudsman is investigating a group of more than 150 complaints about transfer values from British Steel Pension Scheme (BSPS) members.

A notice posted on the Pensions Ombudsman website on Thursday revealed the body is investigating 150 complaints relating to transfer values given to British steelworkers. The notice said it will shortly be undertaking another group investigation where members have complained about early retirement factors. The Pensions Ombudsman said it continues to receive a high volume of enquiries from BSPS members and as such expects further complaints. It said it is working closely with the trustees of the BSPS to ensure that those members who wish to bring a complaint are able to do so as "ea...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The FCA and non-financial misconduct: Updated rules and guidance

The FCA and non-financial misconduct: Updated rules and guidance

'The FCA hopes that the proposed amendments will increase clarity and consistency'

Claire Cross
clock 29 July 2025 • 4 min read
FOS interim chair named following unsuccessful recruitment campaign

FOS interim chair named following unsuccessful recruitment campaign

Liam Coleman appointed

Jen Frost
clock 28 July 2025 • 2 min read
FCA fines and bans former deputy CEO of asset manager

FCA fines and bans former deputy CEO of asset manager

H2O ex-deputy CEO Jean-Noel Alba 'misled' the regulator

Linus Uhlig
clock 28 July 2025 • 1 min read