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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: Barnett Waddingham acquires risk advisory firm

Tender Watch: Barnett Waddingham acquires risk advisory firm

Barnett Waddingham acquires Risk Evolves with team of seven to join firm

Professional Pensions
clock 08 July 2025 • 1 min read
Pensions UK calls for PPF administration levy reform

Pensions UK calls for PPF administration levy reform

Trade body said DWP move to charge DB schemes in form of levy without prior warning ‘raises concerns’

Holly Roach
clock 03 July 2025 • 1 min read
DB transfer advice redress payments remain stable

DB transfer advice redress payments remain stable

First Actuarial says Q2 2025 redress remained at 5% of transfer value despite volatility

Jasmine Urquhart
clock 02 July 2025 • 1 min read
Trustpilot