Caroline Rookes slams Unbiased for not living up to its name

Pre-selected advice firms mooted

Hannah Godfrey
clock • 1 min read

Former Money Advice Service CEO Caroline Rookes has accused adviser directory Unbiased of being biased and questioned how easy the FCA website is to use in her report on the British Steel Pension Scheme.

In her independent review into the communications and support given to British Steel Pension Scheme (BSPS) members when transferring out of the scheme, Rookes said it would have been useful for the scheme's trustees to have compiled a list of advisers willing and able to take on members' cases. Instead, she said, steelworkers were referred to adviser directory Unbiased and to the Financial Conduct Authority's (FCA) website, both of which she criticised.  "Members were referred to Unbiased or the FCA website," she wrote. "The former is not unbiased and the latter is not easy to use, no...

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