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

In its half year results, Quilter has doubled the funds it has put aside for redress for DB pension transfers that were undertaken by Lighthouse prior to its acquisition by the wealth manager and financial planner.

The FCA is to host a series of events for British Steel Pension Scheme Members (BSPS).

The Financial Services Compensation Scheme (FSCS) has issued an update today about its compensation decisions for British Steel Pension Scheme (BSPS) members affected by the failure of Active Wealth, which wrongly advised them on pension transfers.