MPs call on FCA to do more for British Steel victims

The letters, delivered on Thursday (21 January) to FCA chief executive Nikhil Rathi, were sent on behalf of the many British Steel members who have lost money from their pensions. They said: "Three years ago, thousands of steelworkers were asked to make a decision about their defined benefit pension. Not knowing what to do, many thousands flocked to financial advisers to seek advice. "Following a hard deadline to make a decision on transferring, many were targeted by pension sharks who gave bad advice. We welcome some of the action taken by the FCA, in writing to 7,700 steelworkers, a...