BRITISH STEEL PODCAST: INSURERS PI AND THE IFA MARKET
Written on 25/07/2022
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BRITISH STEEL
PODCAST:Â INSURERS PI AND THE IFA MARKET
see here for interesting analysis of the British Steel saga.
Who is going to pay for the missold pensions? How many exactly were missold?, who is the judge, how can it be enforced? All this is coveredÂ
 As everyone knows, the Public Accounts Committee have criticised the FCA for their delays and responses.Â
TWEET OF THE WEEK:Â (July 22nd 2022)
From Stuart Fowler: There’s an irony to PAC’s assertions. It was extremely critical of the FCA in almost every aspect but never even questioned a key one:
 the FCA’s own assessment that transfers were very widely unsuitable at BSPS. This is now being widely challenged. PAC didn’t notice. The problems of the IFA industry are being laid down in front of all to see: As Henry Tapper notes:
The failure of IFAs to self-regulate has led to their being regulated by the FCA.Â
Because they failed to put consumers first, they have now no voice at the Public Accounts Committee.
All news