Just 10 of FCA's 3,700 staff work on pension scams team

At a Work and Pensions Select Committee meeting on pension costs and transparency, held this morning (6 February), executives at the regulator revealed just one in 370 FCA staff members are working on pension scams. FCA director of life insurance and financial advice Deborah Jones said the team was approximately 10-strong, though she was unable to offer an exact figure because the number was flexible, depending on "what is coming through the door at any one moment". Committee chair Frank Field, who has been a fierce critic of the FCA and its handling of the British Steel Pension Schem...