Pensions Ombudsman investigating 150 British Steel complaints

Working with BSPS trustees

Hannah Godfrey
clock • 1 min read

The Pensions Ombudsman is investigating a group of more than 150 complaints about transfer values from British Steel Pension Scheme (BSPS) members.

A notice posted on the Pensions Ombudsman website on Thursday revealed the body is investigating 150 complaints relating to transfer values given to British steelworkers. The notice said it will shortly be undertaking another group investigation where members have complained about early retirement factors. The Pensions Ombudsman said it continues to receive a high volume of enquiries from BSPS members and as such expects further complaints. It said it is working closely with the trustees of the BSPS to ensure that those members who wish to bring a complaint are able to do so as "ea...

To continue reading this article...

Join Professional Adviser for free

  • 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

Abuse victims must not be 'blocked' from redress, group urges

Abuse victims must not be 'blocked' from redress, group urges

In response to FCA and FOS consultation paper

Jen Frost
clock 12 May 2026 • 3 min read
FCA receives 210 whistleblower complaints over Consumer Duty in Q1

FCA receives 210 whistleblower complaints over Consumer Duty in Q1

Closed 265 whistleblowing cases between January and March

Michael Nelson
clock 11 May 2026 • 2 min read
Ex-investment adviser sentenced to additional prison time

Ex-investment adviser sentenced to additional prison time

Richard Faithfull failed to pay back £529,961

Sophia Panayi
clock 11 May 2026 • 2 min read