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FCA pledges to defend BSPS pensions redress scheme in face of legal challenge

Person on beach with steeelworks in background
Photo: Ian Forsyth/Getty Images

Martina Lindberg

1 min read
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Advisory firms have taken court action over plans to compensate pension scheme members over advice given.

The FCA’s redress scheme for former British Steel Pension Scheme members it believes were given incorrect advice has been hit by a legal challenge from advisers.

The regulator believes that the legal challenge is an attempt to delay the payment of redress. The BSPS scheme was announced in November

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