Nick Smith MP urges FCA: 'Include as many steelworkers as possible in redress scheme'

Supported by 27 cross-party MPs

clock • 2 min read
Nick Smith MP urges FCA: 'Include as many steelworkers as possible in redress scheme'

Welsh MP Nick Smith has written to the Financial Conduct Authority (FCA) urging it to include more consumers within its proposed £71.2m British Steel compensation scheme.

In a letter, seen by Professional Adviser, Smith voiced his hope that the proposed review period for the scheme, covering advice given 26 May 2016 to 29 March 2018, met the legal test to allow for ...

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.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Ruairi O'Connell appointed as FCA's director of international

Ruairi O'Connell appointed as FCA's director of international

Joins from the Home Office

clock 05 August 2022 • 1 min read
FCA proposes changes to unsuitable pension transfer advice redress calculations

FCA proposes changes to unsuitable pension transfer advice redress calculations

Reflecting ‘actuarial best practice’

clock 02 August 2022 • 2 min read
Hartley Pensions enters administration at FCA's request

Hartley Pensions enters administration at FCA's request

‘In the interest of clients’

clock 01 August 2022 • 3 min read