Work and Pensions Committee (WPC) chair Frank Field, who pushed for a ban on contingent charging on defined benefit (DB) transfers, has lost his seat.
In an election that saw the Conservatives secure a majority of 76, the former Labour party turned independent MP lost his seat in Birkenhead to Labour's Mick Whitley, who won the seat with 24,990 votes compared to Field's 7,285. The defeat means a new WPC chair will be elected in due course. Field was heavily critical of the Financial Conduct Authority during the British Steel saga, and described advisers who had given poor advice to steelworkers as "vultures". He also described the FCA as "lumbering into action" when it announced its consultation on banning contingent charging on DB tra...
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