FCA handling of BSPS transfers' debacle faces NAO probe

The National Audit Office, the UK’s independent public spending watchdog, is to investigate the FCA’s handling of the British Steel Pension Scheme restructuring.

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Chartered Planner banned for £24m transfer failings

Chartered Financial Planner Darren Antony Reynolds has been banned from being a director for 13 years for pension transfer failings which resulted in clients losing £24m from their pensions.

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FSCS opens door to more BSPS pension victims

The Financial Services Compensation Scheme has opened its doors to claims from victims of a failed advice firm which dealt with British Steel workers.

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Only 21% of BSPS transfer advice ‘suitable’ - FCA

The FCA says that 47% of the DB pension transfer advice given to members of the British Steel Pension Scheme was ’unsuitable’ with only 21% ’suitable.’

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