The Financial Conduct Authority says it "wholly rejects" the conclusion of the Work and Pension Committee about its actions on BSPS.

Frank Field MP, chair of the Commons Work and Pensions Committee, has written to the FCA over concerns that its response to the British Steel pensions controversy has been “grossly inadequate.|

MPs on the Commons Work and Pensions Committee have urged the Government to ban pension cold calls by June 2018 and to introduce compulsory consumer guidance before pension pots can be accessed.

The Work & Pensions Committee is launching an inquiry into “whether and how far” the Pension Freedoms and other pension reforms are achieving their objectives and whether policy changes are needed to protect consumers better.