MPs express disappointment at FCA chief's failure to respond to BSPS letters

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Sophie King
clock • 4 min read

Welsh MPs Nick Smith and Stephen Kinnock have sent another letter to Financial Conduct Authority (FCA) chief executive Nikhil Rathi to voice their disappointed he did not respond to their previous correspondence.

Earlier this month, Professional Adviser revealed that the FCA took one month to respond to a letter sent my MPs asking for support on the British Steel saga. The Welsh MPs, who have been vocal for justice in the British Steel saga, wrote to the regulator on 21 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 agreei...

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