Nick Smith MP writes to FCA: 'Implement redress scheme for steelworkers'

Sophie King
clock • 3 min read
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.
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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)....

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