06 August 2021
•
3 min read
Image:
The MP requested better understanding on what criteria the FCA is considering if these tests have been met and what information is needed for the FCA to adjust its view.
Welsh MP Nick Smith has written to Financial Conduct Authority (FCA) chief executive Nikhil Rathi asking him to implement a consumer redress scheme for steelworkers.
The letter, sent on 6 August and seen by Professional Adviser, highlighted that, in May, Rathi said the FCA had "not ruled out" implementing such scheme for victims of the British Steel Pension Saga (BSPS)....
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intellignece through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
