Source · Select Committees · Public Accounts Committee
Recommendation 1
1
Acknowledged
On the basis of a report by the Comptroller and Auditor General, on 27 April...
Conclusion
On the basis of a report by the Comptroller and Auditor General, on 27 April 2022 we took evidence from the Financial Conduct Authority (FCA), the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS) on the British Steel Pension Scheme (BSPS).2 The session included evidence provided by the Personal Investment Management & Financial Advice Association (PIMFA), the legal firm Clarke Willmott, and a former BSPS member. Separately, on 13 June 2022 we also took evidence from the former Chief Executive of the FCA, who is the current Governor of the Bank of England.
Government response summary AI-generated
The government acknowledges the Committee's report and states it is the FCA’s response to the Committee’s report.
Summary of the government's response below — read the verbatim text to verify.
Government Response
Acknowledged
HM Government · verbatim extract
Acknowledged
Based on a report by the National Audit Office, the Committee took evidence on 27 April 2022 from the Financial Conduct Authority (FCA), the Financial Ombudsman Services (FOS) and the Financial Services Compensation Scheme (FSCS). The Committee published its report on 21 July 2022. This is the FCA’s response to the Committee’s report.
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