Theresa May pledges government action on rogue advisers

Speaking in parliament yesterday (5 December), May was answering a question from MP for Blaenau Gwent Nick Smith about the plight of one of his constituents, a steelworker who had received poor advice to transfer his pension. Smith said: "One of my constituents has lost thousands of pounds from his British Steel pension as he was preyed upon by a rouge financial adviser. It's happened to hundreds of others across the country. "The Financial Conduct Authority doesn't have the teeth to sort this out. I think ripping off pensioners is criminal, does the prime minister agree?" In respo...