More than 800 British Steel workers transferred out of their employer's defined benefit (DB) scheme as a result of the advice of a single firm, according to the Financial Conduct Authority (FCA).
In a letter to Blaenau Gwent MP Nick Smith, FCA chief executive Andrew Bailey said nearly half (872) of the 1,911 transfers it has assessed in its mis-selling probe were processed by a single adviser firm,...
Interest rate outlook unchaged
FCA made demands last week
'Will remain an independent business'
Despite improved risk appetite