13 May 2021
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3 min read
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FCA chief executive Nikhil Rathi said: “We certainly understand the distress you describe in this situation.
Financial Conduct Authority (FCA) chief executive Nikhil Rathi has admitted that most of the British Steel Pension Scheme (BSPS) members who transferred out of the defined benefit (DB) fund were vulnerable.
Speaking at the Treasury Committee on Wednesday (12 May), Rathi (pictured) was questioned by Welsh MP Nick Smith, who has been supporting steelworkers who lost money after being advised to make unsuitable...
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