MPs criticise FCA after slow response to British Steel victims' letter

Steve Kinnock and Nick Smith, Welsh MPs who have been vocal for justice in the British Steel saga, wrote to the regulator on 22 January and argued the FCA was an organisation that "follows rather than leads" in their criticism of the regulator's handling of the British Steel Pension Scheme (BSPS) scandal. The letters, delivered to FCA chief executive Nikhil Rathi, were sent on behalf of the many British Steel members who have lost money after agreeing to unsuitable pension transfers.  However, Professional Adviser can now reveal that the FCA took one month to respond to the MPs, despi...