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UK mis-selling

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  • Friday, 2 December, 2022
    Financial Conduct Authority UK
    FCA issues first fine in British Steel pension mis-selling scandal

    Welsh financial adviser hit with £2.4mn penalty for ‘woeful’ guidance to quit defined benefit schemes

  • Monday, 28 November, 2022
    Cost of funding pension scandal payout for UK steelworkers falls sharply

    Improvement in annuity rates slashes money needed for compensation linked to British Steel Pension Scheme

  • Wednesday, 20 July, 2022
    Financial Conduct Authority UK
    MPs call for review into UK regulator’s handling of pension mis-selling scandal

    Financial Conduct Authority ‘failed’ to protect British Steel Pension Scheme members from ‘unscrupulous advisers’, report finds

  • Monday, 25 April, 2022
    Pensions industry
    UK regulator invokes emergency powers to address steelworker pension scandal

    FCA issues order to stop advisers from offloading assets to avoid paying compensation

  • Thursday, 31 March, 2022
    FCA’s redress scheme for steelworker pension mis-selling comes under fire

    Advocates describe regulator’s proposal as ‘compensation on the cheap’

  • Wednesday, 20 October, 2021
    UK financial regulator faces probe over pension advice scandal

    Spending watchdog to assess how FCA oversaw transfers by thousands of steelworkers

  • Tuesday, 12 October, 2021
    News in-depthPensions crisis
    Anger grows in Wales steel towns over pensions mis-selling

    MPs call for inquiry into financial regulator as workers count the cost of bad advice

  • Wednesday, 8 September, 2021
    Final salary schemes
    Advisers cancel fees to reduce pension transfer redress, warn lawyers

    FCA does not routinely check whether guidance is followed on payouts for unsuitable transfer advice

  • Tuesday, 17 August, 2021
    Personal pensions
    UK regulators to meet steelworkers over mis-sold pensions scandal

    Thousands of former British Steel Pension Scheme members in Port Talbot are eligible for compensation

  • Monday, 9 August, 2021
    Pensions industry
    UK regulator fines ‘incompetent’ adviser £1.3m over steel pensions

    Geoffrey Armin ‘disregarded’ information in directing clients to transfer out of scheme

  • Friday, 6 August, 2021
    Financial Services Compensation Scheme Ltd
    FSCS to review website after savers’ complaints

    Compensation scheme’s information led to lost compensation, it is claimed

  • Sunday, 25 July, 2021
    Regulator considers compensation for steelworkers’ mis-sold pensions

    FCA may invoke rarely used powers to help thousands of former British Steel workers given unsuitable advice

  • Friday, 18 June, 2021
    Personal pensions
    FCA urges thousands to seek compensation over pension transfers

    Letters sent to clients of IFAs who have since gone bust

  • Friday, 4 June, 2021
    Pensions
    Compensation boosted for pension transfer victims

    Payouts uplifted in 126 cases, totalling £1.5m

  • Monday, 19 April, 2021
    Personal Finance
    LCF investors in line for £120m government compensation

    Treasury to pay bondholders who lost savings when minibond company collapsed

  • Friday, 22 January, 2021
    Financial Services Compensation Scheme Ltd
    Financial scam compensation bill to cost £1bn next year

    Rise of 48% in FSCS levy for 2021-22 prompts calls for government action

  • Monday, 18 January, 2021
    Next Act
    Thousands of UK savers advised to give up final-salary pensions

    FCA data showing transfers under banned charging model adds to mis-selling fears

  • Friday, 13 November, 2020
    Personal pensions
    FCA pressed for details of pension transfers probe

    Regulator has opened fewer than 70 mis-selling inquiries

  • Friday, 5 June, 2020
    Pension mis-selling probe prompts exodus of advisers

    Financial watchdog finds number of customers advised to transfer out is still ‘unacceptably high’

  • Friday, 24 April, 2020
    Payment protection insurance
    Schwarzenegger campaign pushes PPI mis-selling payouts to £38bn 

    Last-ditch adverts reached 32m people in UK and prompted rush of claims

  • Wednesday, 12 February, 2020
    Payment protection insurance
    PPI complaints break 2m barrier 

    Flood of claims lodged with Financial Ombudsman Service after customers dispute banks’ rulings

  • Friday, 24 January, 2020
    UK financial regulation
    FCA urged to probe pension transfer advice

    Calls for City regulator to contact 160,000 people in fears over fresh mis-selling scandal

  • Tuesday, 17 December, 2019
    Payment protection insurance
    FCA levies first fine against claims management company over PPI

    Professional Personal Claims is handed £70,000 penalty for misleading branding and flawed claims

  • Sunday, 8 December, 2019
    Financial Conduct Authority UK
    FCA fines hit highest level in four years

    The UK financial regulator meted out nine £10m-plus levies this year

  • Friday, 6 December, 2019
    Financial fraud
    Mini-bond victims confront FCA chief Andrew Bailey

    Protesters accuse the UK’s financial watchdog of inaction

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