PPF called to compensate British Steel victims

PIMFA responds to the FCA’s consultation on a consumer redress scheme

Hope William-Smith
clock • 2 min read
Tata Steel steelworks in Port Talbot, Wales
Image:

Tata Steel steelworks in Port Talbot, Wales

The Pension Protection Fund (PPF) should take in the members of the former British Steel Pension Scheme (BSPS), says the Personal Investment Management & Financial Advice Association (PIMFA).

The trade body suggested this plan as it addressed the fate of the BSPS members who transferred out of the defined benefit (DB) scheme in 2017 in a new proposal presented to the Financial Conduct A...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DWP responds to WPC report on DB pensions market

DWP responds to WPC report on DB pensions market

Government confirms it will consider PPF compensation changes and consult on trusteeship, accreditation and governance

Holly Roach
clock 01 May 2025 • 4 min read
Sponsoring employers facing less pressure after 'radical' funding improvements

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
clock 22 April 2025 • 1 min read
Tender Watch: LGPS re-appoints Equiniti as admin software supplier

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

LGPS re-appoints Equiniti as software supplier on national framework for a further four years

Professional Pensions
clock 15 April 2025 • 1 min read
Trustpilot