Professional Adviser

Field brands FCA's handling of British Steel workers 'grossly inadequate'

Following last week's hearing

Frank Field: “The FCA is a consumer protection body. It would behove them to stop pussy-footing around and start protecting consumers."
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Work and Pensions Select Committee chair Frank Field has branded the Financial Conduct Authority's (FCA) handling of British Steel workers as "grossly inadequate" and "insufficient" in a letter to the regulator.

Field wrote the letter to the FCA's executive director of supervision Megan Butler who, at last Wednesday's committee hearing on the aftermath of the closure of the British Steel Pension Scheme (BSPS), struggled...

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