PS22/14: Consumer redress scheme for unsuitable advice to transfer out of the British Steel Pension Scheme

The Prudential Regulation Authority and Financial Conduct Authority issued Policy Statement PS22/14 to finalize rules for a consumer redress scheme. The scheme addresses harm caused by unsuitable advice to transfer out of the British Steel Pension Scheme. It establishes the framework for firms to provide redress to affected customers following the consultation period.

United Kingdom

Financial Conduct Authority

Consultation opened

31/03/2022

Deadline for feedback on Q19 in Chapter 6

12/05/2022

Consultation closed

30/06/2022

Policy statement

28/11/2022