FCA issues warning over ‘deliberate attempt to exclude’ British Steel pensioners from compensation scheme

Firms alleged to be making unsolicited offers to former British Steel pension scheme members who have not yet made complaints.

A sharp warning about “wholly unacceptable” unsolicited offers being made to former members of the British Steel pension scheme (BSPS) has been issued by the FCA. The regulator said: “We believe the actions by firms may be a deliberate attempt to exclude former members from participating in the scheme, binding

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in