FCA scheme set to pay £71.2m to BSPS victims 

The Financial Conduct Authority is set to launch a scheme to pay out an estimated £71.2m to victims of the British Steel Pension Scheme pension transfer scandal.

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Only 21% of BSPS transfer advice ‘suitable’ - FCA

The FCA says that 47% of the DB pension transfer advice given to members of the British Steel Pension Scheme was ’unsuitable’ with only 21% ’suitable.’

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