British Steel advice firm applies to cancel regulatory authorisation

The Middlesbrough-based firm became the tenth firm top stop carrying out pension transfers as a result of the British Steel saga. According to its Financial Services Register entry, it applied to cancel its regulatory authorisation on 12 December 2019. It first became public knowledge Acklam had altered its pension transfer permissions in a letter sent from Financial Conduct Authority (FCA) director of supervision Megan Butler to Work and Pensions Select Committee chair Frank Field.  At the time that letter was revealed in 2018 the firm's managing director Geoffrey Bollands told PA...