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BSPS scandal: £106m in redress offered to former pension scheme members
Close to 1,900 formers members have been compensated, yet, less money than estimated has been paid out.
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FCA month in review, July 2024
Roundup of regulator’s work includes news of consultation on new listings regime and capital markets rules, plus some crypto firsts.
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No smoke without fire – the FCA’s handling of the BSPS scandal
The UK regulator has published a letter on its handling of the British Steel Pension scheme. We ask if it is justified in its “glowing” assessment.
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FCA work in review April 15 – 28 2024
A busy period for the FCA featured three big speeches and an unusual development in the BSPS scandal.
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FCA statement rejects criticism of how it handled BSPS scandal
Regulator takes unusual step of publishing a public response to complaints about how it dealt with British Steel pensioners.
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FCA issues fines totaling £1m for pension advice and oversight failings
Latest episode in long-running scandal means 83% of pension transfer advice failed to comply with minimum required standards.
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FCA week in review November 27 – December 1 2023
This week’s roundup includes tackling greenwashing, advice on setting aside capital to cover costs, and news of more ‘carelessness and incompetence’ over BSPS advice.
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FCA weeks in review November 6 – 17, 2023
A raft of enforcement actions head our roundup of recent FCA activity, plus there’s important guidance on ESG reporting.