Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Evening Standard

Business

James Drummond

British Steel pensioners to get £71 million compensation after bad advice

British Steel FCA Financial Conduct Authority

A steel works
(Picture: PA Archive)

The Financial Conduct Authority said on Thursday it would pay £71 million in compensation to members of a British Steel pension scheme (BSPS) who were wrongly advised to give up their guaranteed pensions.

The FCA found that almost half of the advice given mainly by financial advisors relating to BSPS was “unsuitable”. The FCA said it will publish rules setting out how those advisers must now determine whether they gave unsuitable advice and whether they must pay compensation.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Hurricane Trudy brings heavy rain and strong winds to Mexico’s Pacific coast

Hurricane Trudy brings heavy rain and strong winds to Mexico’s Pacific coast

Hurricane Trudy brings heavy rain and strong winds to Mexico’s southwestern and west-central Pacific coast, according to the U.S. National Hurricane Center

The Independent UK

'It Was Pure Panic': Wichita Witness Recalls Pickup Truck Crossing Football Field, Killing Two People

'It Was Pure Panic': Wichita Witness Recalls Pickup Truck Crossing Football Field, Killing Two People

A pickup truck crossed a youth soccer pitch in Wichita, Kansas, killing a six-year-old boy and a 35-year-old man and injuring 11 others, police said

International Business Times UK

Watch: French protesters loot Hermès, Apple and other luxury stores across cities

Watch: French protesters loot Hermès, Apple and other luxury stores across cities

Looters ransacked luxury boutiques, electronics outlets, supermarkets and other businesses across several French cities on Saturday as protests against the rising cost of living descended into widespread violence, with authorities reporting mass arrests, injured police officers and fires.

The Times of India

5,50,000 on streets: How cost-of-living anger is sweeping Europe

5,50,000 on streets: How cost-of-living anger is sweeping Europe

In various European nations, including France, Belgium, Italy, and Portugal, citizens took to the streets in response to growing economic challenges and the soaring cost of living. Demonstrators highlighted issues such as stagnant wages, the affordability of housing, and rising education costs. Notably, France witnessed a staggering turnout of over…

The Times of India

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

Ukrainian President Volodymyr Zelenskyy has said restrictions on Ukraine’s use of Elon Musk-owned SpaceX’s satellite systems remain in place, contradicting earlier indications that the service had been fully restored.

The Times of India

Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

Authorities are searching for 11 people missing after a boat from Mexico capsized off Baja California

The Independent UK

Related Stories

Top stories on inkl right now

Hurricane Trudy brings heavy rain and strong winds to Mexico’s Pacific coast

Hurricane Trudy brings heavy rain and strong winds to Mexico’s Pacific coast

Hurricane Trudy brings heavy rain and strong winds to Mexico’s southwestern and west-central Pacific coast, according to the U.S. National Hurricane Center

The Independent UK

'It Was Pure Panic': Wichita Witness Recalls Pickup Truck Crossing Football Field, Killing Two People

'It Was Pure Panic': Wichita Witness Recalls Pickup Truck Crossing Football Field, Killing Two People

A pickup truck crossed a youth soccer pitch in Wichita, Kansas, killing a six-year-old boy and a 35-year-old man and injuring 11 others, police said

International Business Times UK

Watch: French protesters loot Hermès, Apple and other luxury stores across cities

Watch: French protesters loot Hermès, Apple and other luxury stores across cities

Looters ransacked luxury boutiques, electronics outlets, supermarkets and other businesses across several French cities on Saturday as protests against the rising cost of living descended into widespread violence, with authorities reporting mass arrests, injured police officers and fires.

The Times of India

5,50,000 on streets: How cost-of-living anger is sweeping Europe

5,50,000 on streets: How cost-of-living anger is sweeping Europe

In various European nations, including France, Belgium, Italy, and Portugal, citizens took to the streets in response to growing economic challenges and the soaring cost of living. Demonstrators highlighted issues such as stagnant wages, the affordability of housing, and rising education costs. Notably, France witnessed a staggering turnout of over…

The Times of India

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

Ukrainian President Volodymyr Zelenskyy has said restrictions on Ukraine’s use of Elon Musk-owned SpaceX’s satellite systems remain in place, contradicting earlier indications that the service had been fully restored.

The Times of India

Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

Search continues after boat capsizes off Baja California coast. 16 rescued, but others missing

Authorities are searching for 11 people missing after a boat from Mexico capsized off Baja California

The Independent UK

Our Picks

Total Ultraprocessed Food Intake Showed No Link to Colorectal Cancer in 461,682 Older Adults Followed Nearly 19 Years

A study of 461,682 older adults found no link between total ultraprocessed food intake and colorectal cancer, though meat intake still raised risk.

‘She Likes It Gross And Dirty’: Internet Slammed Dakota Johnson After Insider Share Her Intimate Life With MGK

Dakota Johnson’s alleged romance with Machine Gun Kelly has sparked online backlash after an insider allegedly shared intimate details about their chemistry.

Kristin Davis 'wasn’t eating any real food', but why?

Kristin Davis has recalled feeling self-conscious about her appearance during her Sex and the City days.

Quentin Tarantino awkwardly confronts Ellen DeGeneres over chat show snub

Some viewers said the moment recalled a notorious encounter between the former chat show host and actor Dakota Johnson in 2019

The Independent UK

Youngest Astronaut To Walk the Moon Claims UFOs Are 'Demonic' Deceptions Following Sign From God

Apollo 16 astronaut Charlie Duke says UFOs are 'demonic' after a breakfast talk he took as a sign from God, highlighting the divide between faith and evidence.

International Business Times UK

Self-Described UFO Expert Claims NASA Image Shows a Massive Alien Ship Moving at 'Tremendous Speed'

Self-described UFO expert Scott C Waring says a rectangular shape in a solar image is a huge alien spacecraft, but its size, speed and nature remain unverified.

International Business Times UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play