Displaying items by tag: BSPS

Friday, 22 October 2021 09:29

National Audit Office to probe regulation of BSPS transfers

The National Audit Office, the UK’s independent public spending watchdog, is to probe the FCA’s handling of the British Steel Pension Scheme restructuring which resulted in many steelworkers transferring their pensions into SIPPs.

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Wednesday, 21 April 2021 15:07

FSCS declares 11 firms in default including pension advisers

The Financial Services Compensation Scheme (FSCS) declared 11 firms in default in March, including several wealth managers and a firm involved in BSPS transers.

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Tuesday, 22 January 2019 12:35

Regulators criticised in new report over BSPS case

A new report into the BSPS debacle has heavily criticised regulators including the FCA and TPR.

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Friday, 11 January 2019 11:50

FSCS pays out £1.1m to former Active Wealth clients

The Financial Services Compensation Scheme (FSCS) has revealed it has so far paid out £1.1m to former Active Wealth clients hit by the British Steel pensions debacle.

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Wednesday, 03 October 2018 12:53

CISI conference hears expert lessons from BSPS debacle

The CISI Annual Financial Planning Conference heard yesterday from an expert panel that many lessons can be learned from the BSPS debacle and more must be done to stop a repeat.

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Wednesday, 23 May 2018 14:41

Expert reveals risk of whistleblowing in BSPS debacle

A pensions expert has spoken of the personal risks he faced when helping members of the BSPS pension scheme affected by the recent transfer debacle.

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Tuesday, 17 April 2018 16:28

FSCS opens door to first BSPS compensation cases

The Financial Services Compensation Scheme has listed 11 failed advice firms it declared in default in March in a move which will mean some British Steel Pension Transfer clients being compensated.

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Monday, 26 March 2018 12:59

FCA consider contingent charging ban for DB transfers

The Financial Conduct Authority has today proposed a ban on contingent charging on pension transfers and reaffirmed its view that DB transfers should be considered unsuitable unless there is a good reason to transfer.

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Friday, 16 February 2018 17:18

Financial Planner backs ban on contingent fee charging

National Financial Planner and retirement specialist LEBC has backed the Work & Pensions Select Committee’s call for a ban on contingent charging for pension transfer advice.

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Friday, 09 February 2018 10:55