Tenth advice firm ends DB transfer permissions over British Steel saga

Middlesbrough-based Acklam Financial

Frank Field: "It is vital that the FCA looks not only at the specific firms that were active around British Steel – it must also look much more closely at any and all connected entities that seek to pick up where those firms left off.”
Frank Field: "It is vital that the FCA looks not only at the specific firms that were active around British Steel – it must also look much more closely at any and all connected entities that seek to pick up where those firms left off.”
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Middlesbrough-based Acklam Financial has become the tenth advice firm to stop undertaking pension transfers as a result of the British Steel Pension Scheme (BSPS) saga.

A letter from Financial Conduct Authority (FCA) director of supervision Megan Butler to Work and Pensions Committee chair Frank Field, dated 12 March, revealed Acklam Financial had voluntarily altered...

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