FCA catches firm offering compensation of £50 to BSPS victims

Regulator has come down hard on Welsh advisory firm David Stock & Co

Hope William-Smith
clock • 1 min read
FCA catches firm offering compensation of £50 to BSPS victims

Newport firm David Stock & Co has been blasted by the Financial Conduct Authority (FCA) after it found to be offering British Steel Pension Scheme (BSPS) victims just £50 in compensation.

The regulator said on Friday (19 May) that the "unsolicited settlement offers were not calculated in line with guidance" and were "a deliberate attempt to exclude former BSPS members from the redre...

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