FSCS mulls compensation exception for British Steel workers

219 FSCS claims on Active Wealth

Hannah Godfrey
clock • 3 min read

The Financial Services Compensation Scheme (FSCS) has said it will "look afresh" at some aspects of the redress calculation method it applies to British Steel workers following a meeting in parliament.

On Thursday (22 November), a group of steelworkers visited Westminster Palace to meet with regulators and MPs to discuss the compensation they receive from the lifeboat fund. They were joined by their legal representative, Clarke Willmott solicitor Philippa Hann, and CHIVE advisers Echelon Wealthcare's Alastair Rush and Wingate Financial Planning's Alistair Cunningham. After the meeting, all of the parties involved - steelworkers, the FSCS, regulators and MPs Stephen Kinnock, Nick Smith and Tonia Antoniazzi - said they felt the talks had been "positive".  Speaking during the meeting, ...

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