Source · Select Committees · Public Accounts Committee
Fourteenth Report - Investigation into the British Steel Pension Scheme
Public Accounts Committee
HC 251
Published 21 July 2022
Conclusions (1)
10
Conclusion
Acknowledged
In response to the BSPS case, the FCA had to gather further evidence to understand the scale of the problem and in June 2018, out of a sample of 192 files, it found that 47% of transfer recommendations were unsuitable.25 In order to take action against regulatory non-compliance, the FCA …
Government Response Summary
The FCA provided a high-level update on enforcement activity related to BSPS, stating it is a high priority and investigations are at an advanced stage.