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Lanarkshire steelworkers could be compensated for poor advice

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dailyrecord.co.uk
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BSPS members were asked to decide by December 2017 whether to move their pension to a new plan or stay in the existing fund.

As a result, around 8000 members across the UK transferred out of the old scheme, with transfers worth about £2.8 billion in total.However, watchdog the Financial Conduct Authority now says many people who have transferred out of the pension scheme were given unsuitable financial advice and could be entitled to compensation.The Lanarkshire Live app is available to download now.

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dailyrecord.co.uk
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dailyrecord.co.uk
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