Image:
British Steel, Port Talbot, Wales
New rules which now apply to financial advice firms that provided pension transfer advice to ex-British Steel Pension Scheme (BSPS) members will mean some are subject to an asset restriction to ensure they can make appropriate redress payments.
The Financial Conduct Authority (FCA) announced that the emergency asset retention rules - which come into force today (22 August) - will apply to a total of 101 firms. The rules apply to firms ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
