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Pembrokeshire Mortgage Centre Ltd fined £2.4m in relation to the British Steel Pension Scheme

Photo: Getty Images

Martina Lindberg

2 min read
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The FCA is going after firms that gave unsuitable opt-out advice to BSPS members.

Earlier this week, we reported that the Financial Conduct Authority (FCA) published final rules for a redress scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out of their defined benefit (DB) pension scheme.

Now, the FCA has fined Pembrokeshire Mortgage Centre

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