South Wales MP slams FCA over British Steel

Smith, MP for Wales' Blaenaue Gwent near British Steel's South Wales plant, wrote in the Financial Times on Friday calling on the regulator to act faster to crack down on rogue advisers. He described the British Steel pensions saga as "one of the most serious and widespread" cases of advisers exploiting hard-working people after pensions freedoms. About 8000 steelworkers transferred out of their pensions through the British Steel Pension Scheme and 900 of those transfers were arranged by firms that later had their permissions revoked by the FCA.   In the FT article, Smith criticise...