FSCS investigates BSPS adviser Prism

The Financial Services Compensation Scheme has launched an investigation into Newport-based Prism Independent Financial Advisers Ltd (FRN: 515431).

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British Steel redress scheme challenge scrapped

A legal challenge against the Financial Conduct Authority’s decision to set up a redress scheme for former British Steel Pension Scheme (BSPS) members has been scrapped.

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FCA warns of unsolicited BSPS approaches

The Financial Conduct Authority has warned that some firms could be involved in “malpractice” by making unsolicited offers to former British Steel Pension Scheme (BSPS) members who have not yet made complaints.

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1,000 BSPS members to get redress offer by 2023

The Financial Conduct Authority said today that its expects more than 1,000 British Steel Pension Scheme (BSPS) members hit by poor pension transfer advice to start receiving redress calculations in 2023.

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