FCA prevents another British Steel adviser firm from asset disposal

David Stock & Co

clock • 2 min read
FCA prevents another British Steel adviser firm from asset disposal
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FCA prevents another British Steel adviser firm from asset disposal

The Financial Conduct Authority (FCA) has stepped in to prevent advisory firm David Stock & Co (DS&C), which advised on British Steel pension transfers, from paying out dividends and disposing of assets without its permission.

Last month, the watchdog released a consultation setting out its plans for a British Steel Pension Scheme (BSPS) redress plan totalling £71.2m. Alongside this consultation, the FCA sent out a Dear CEO...

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