FCA set to prepare advice redress scheme for British Steel transfers

Expected March 2022

Tom Ellis
clock • 1 min read
FCA set to prepare advice redress scheme for British Steel transfers

The FCA will prepare a redress scheme for former British Steel Pension Scheme (BSPS) members once its board approves the consultation documents.

The FCA has set out its expectations, through one of its 'Dear CEO' letters, that firms in the scope of a potential redress scheme should retain assets and adequate financial resources, and should ...

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