FCA set to prepare advice redress scheme for British Steel transfers

Tom Ellis
clock • 1 min read
FCA set to prepare advice redress scheme for British Steel transfers

The FCA will prepare a redress scheme for former British Steel Pension Scheme (BSPS) members once its board approves the consultation documents.  The FCA has set out its expectations, through one of its 'Dear CEO' letters, that firms in the scope of a potential redress scheme should retain assets and adequate financial resources, and should not try to avoid their responsibilities. The redress scheme will be limited to BSPS transfer advice given between 1 March 2017 and 31 March 2018, wh...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login