BSPS advisers pay only £8.87m in fines and redress
- Wednesday, 24 July 2024
- Articles
![British Steel works at Port Talbot](/media/k2/items/cache/e87ac3a61d0fee874cbe5771587c9e73_Generic.jpg)
Financial advisers who gave bad advice to BSPS victims have been ordered to pay just £8.87m in fines and redress to BSPS victims - far less than the £50m expected, an FCA report out today reveals.
Read more...FCA defends its actions over BSPS scandal
- Tuesday, 23 April 2024
- Articles
![FCA website](/media/k2/items/cache/24508b667a4ab358d9c3f8c2d9276084_Generic.jpg)
The FCA has responded robustly to complaints about the time it took to provide redress to victims of the British Steel Pension Scheme (BSPS) scandal.
Read more...FSCS opens probe into Dorset firms over BSPS advice
- Wednesday, 10 April 2024
- Articles
![The FSCS confirmed both firms had links to BSPS pension transfers](/media/k2/items/cache/4689c8ceacae0343dda28153ef92e6f8_Generic.jpg)
The Financial Services Compensation Scheme has launched an investigation into a duo of connected Dorset financial adviser firms following advice given to members of the British Steel Pension Scheme.
Read more...BSPS-linked Sheffield IFA firm fails
- Monday, 25 March 2024
- Articles
![British Steel works](/media/k2/items/cache/1a3b791703853e21a794c62ffd15d354_Generic.jpg)
The Financial Services Compensation Scheme (FSCS) has declared Sheffield-based Abbey Lane Financial Associates Limited (FRN 649170) as failed.
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