The dispute between the FCA and advisory firms that have been making “wholly unacceptable” unsolicited offers to former BSPS members has taken a new turn. The regulator has now formally required two firms, Abbey Lane Financial Associates Limited and Estate Capital Financial Management Limited, to stop making these offers. Both firms have
FCA forces two firms to stop making deceptive offers to British Steel pensioners
The firms were offering a fraction of the average calculated redress of £45,000 to former British Steel Pension Scheme (BSPS) members.