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    UK mis-selling

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    • Friday, 2 December, 2022
      Financial Conduct Authority UK
      FCA issues first fine in British Steel pension mis-selling scandal

      Welsh financial adviser hit with £2.4mn penalty for ‘woeful’ guidance to quit defined benefit schemes

    • Monday, 28 November, 2022
      Cost of funding pension scandal payout for UK steelworkers falls sharply

      Improvement in annuity rates slashes money needed for compensation linked to British Steel Pension Scheme

    • Wednesday, 20 July, 2022
      Financial Conduct Authority UK
      MPs call for review into UK regulator’s handling of pension mis-selling scandal

      Financial Conduct Authority ‘failed’ to protect British Steel Pension Scheme members from ‘unscrupulous advisers’, report finds

    • Monday, 25 April, 2022
      Pensions industry
      UK regulator invokes emergency powers to address steelworker pension scandal

      FCA issues order to stop advisers from offloading assets to avoid paying compensation

    • Thursday, 31 March, 2022
      FCA’s redress scheme for steelworker pension mis-selling comes under fire

      Advocates describe regulator’s proposal as ‘compensation on the cheap’

    • Wednesday, 20 October, 2021
      UK financial regulator faces probe over pension advice scandal

      Spending watchdog to assess how FCA oversaw transfers by thousands of steelworkers

    • Tuesday, 12 October, 2021
      News in-depthPensions crisis
      Anger grows in Wales steel towns over pensions mis-selling

      MPs call for inquiry into financial regulator as workers count the cost of bad advice

    • Wednesday, 8 September, 2021
      Final salary schemes
      Advisers cancel fees to reduce pension transfer redress, warn lawyers

      FCA does not routinely check whether guidance is followed on payouts for unsuitable transfer advice

    • Tuesday, 17 August, 2021
      Personal pensions
      UK regulators to meet steelworkers over mis-sold pensions scandal

      Thousands of former British Steel Pension Scheme members in Port Talbot are eligible for compensation

    • Monday, 9 August, 2021
      Pensions industry
      UK regulator fines ‘incompetent’ adviser £1.3m over steel pensions

      Geoffrey Armin ‘disregarded’ information in directing clients to transfer out of scheme

    • Friday, 6 August, 2021
      Financial Services Compensation Scheme Ltd
      FSCS to review website after savers’ complaints

      Compensation scheme’s information led to lost compensation, it is claimed

    • Sunday, 25 July, 2021
      Regulator considers compensation for steelworkers’ mis-sold pensions

      FCA may invoke rarely used powers to help thousands of former British Steel workers given unsuitable advice

    • Friday, 18 June, 2021
      Personal pensions
      FCA urges thousands to seek compensation over pension transfers

      Letters sent to clients of IFAs who have since gone bust

    • Friday, 4 June, 2021
      Pensions
      Compensation boosted for pension transfer victims

      Payouts uplifted in 126 cases, totalling £1.5m

    • Monday, 19 April, 2021
      Personal Finance
      LCF investors in line for £120m government compensation

      Treasury to pay bondholders who lost savings when minibond company collapsed

    • Friday, 22 January, 2021
      Financial Services Compensation Scheme Ltd
      Financial scam compensation bill to cost £1bn next year

      Rise of 48% in FSCS levy for 2021-22 prompts calls for government action

    • Monday, 18 January, 2021
      Next Act
      Thousands of UK savers advised to give up final-salary pensions

      FCA data showing transfers under banned charging model adds to mis-selling fears

    • Friday, 13 November, 2020
      Personal pensions
      FCA pressed for details of pension transfers probe

      Regulator has opened fewer than 70 mis-selling inquiries

    • Friday, 5 June, 2020
      Pension mis-selling probe prompts exodus of advisers

      Financial watchdog finds number of customers advised to transfer out is still ‘unacceptably high’

    • Friday, 24 April, 2020
      Payment protection insurance
      Schwarzenegger campaign pushes PPI mis-selling payouts to £38bn 

      Last-ditch adverts reached 32m people in UK and prompted rush of claims

    • Wednesday, 12 February, 2020
      Payment protection insurance
      PPI complaints break 2m barrier 

      Flood of claims lodged with Financial Ombudsman Service after customers dispute banks’ rulings

    • Friday, 24 January, 2020
      UK financial regulation
      FCA urged to probe pension transfer advice

      Calls for City regulator to contact 160,000 people in fears over fresh mis-selling scandal

    • Tuesday, 17 December, 2019
      Payment protection insurance
      FCA levies first fine against claims management company over PPI

      Professional Personal Claims is handed £70,000 penalty for misleading branding and flawed claims

    • Sunday, 8 December, 2019
      Financial Conduct Authority UK
      FCA fines hit highest level in four years

      The UK financial regulator meted out nine £10m-plus levies this year

    • Friday, 6 December, 2019
      Financial fraud
      Mini-bond victims confront FCA chief Andrew Bailey

      Protesters accuse the UK’s financial watchdog of inaction

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