British Steel Adviser Group drops legal challenge against FCA

The legal challenge was seen as an attempt to stall the British Steel Pension Redress Scheme.

The British Steel Adviser Group (BSAG) has dropped the legal challenge to the FCA it tabled in January. The action was believed to be an attempt to delay the payment of redress to former British Steel Pension (BSPS) members.

In its response to the challenge, the regulator said it would

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