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The Latest Breaking News from British Steel Pension Scheme

Ripped-off steelworkers lost £80,000 pension cash as watchdog failed to act

An investigation published today ruled that the Financial Conduct Authority (FCA) failed to protect the British Steel pension scheme - with some members missing out on as much as £489,000 in life savings

Daily Mirror · Jul 20, 2022

British Steel pension savers could see retirement income boosted from share of £71m compensation

British Steel pension savers could see retirement income boosted from share of £71m compensation

Payments are expected to start from the end of 2023.

Daily Record · Apr 12, 2022

Thousands of Welsh steelworkers to get compensation over British Steel pension scandal

Thousands of Welsh steelworkers to get compensation over British Steel pension scandal

The new scheme has been welcomed by campaigners

Wales Online · Apr 1, 2022

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

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.

Evening Standard · Mar 31, 2022

Watchdog sets out £71m plan to help British Steel pension savers

Thousands of people might have been given bad advice to switch their pension pot.

The Independent UK · Mar 31, 2022

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