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...

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 Industry

Buzz: Should schemes be compelled to invest 25% of contributions in the UK?

Buzz: Should schemes be compelled to invest 25% of contributions in the UK?

Scheme UK investments, trustee boards and DB surpluses

Professional Pensions
clock 07 May 2025 • 1 min read
Intellica acquires Cosan Consulting

Intellica acquires Cosan Consulting

Combined business to deliver ‘smarter, faster and more integrated’ solutions to clients

Holly Roach
clock 07 May 2025 • 1 min read
Rising Star Awards 2025: One week left to nominate!

Rising Star Awards 2025: One week left to nominate!

Recognising and celebrating the pension industry’s rising stars

Professional Pensions
clock 07 May 2025 • 2 min read
Trustpilot