FCA warns of 'misleading' British Steel redress offers

FCA said actions are ‘wholly unacceptable and constitute serious malpractice’

clock • 3 min read
FCA warns of 'misleading' British Steel redress offers

The Financial Conduct Authority (FCA) has issued a stark warning to former British Steel Pension Scheme (BSPS) members to avoid any firms making unsolicited offers of redress, or they risk financially losing out.

In a statement on its website the regulator revealed certain firms have been contacting former BSPS members who have not made complaints about advice they received in respect of their pension, and ...

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