the financial services regulator, the fca, is to be investigated over its role in the british steel pensions scandal. thousands of workers lost money when they were advised to transfer out of the pension in 2017. some say they have been failed again by the authorities. the national audit office will look at the fca to see if they've provided enough support. 0ur wales correspondent, hywel griffith, has the story. it's a cloud that hangs over britain's steel industry — thousands of its workers who were saving for their future had their pensions preyed upon by a few financial advisers, looking for a quick profit. we all earn the same amount of money and they all had £85,000 and i had zero. how's that fair? richy pugh, from port talbot, is one of nearly 8,000 workers who followed the advice to cash in his pension and invest — a decision which now means he may have to work longer. he's received no compensation. it's a long, long battle, and it shouldn't be so difficult to get fairness for all steelworkers.
Related Keywords
Fca , Pension , Workers , Some , Role , Thousands , Money , Services , Scandal , British Steel Pensions , 2017 , Uk , Story , Cloud , National Audit Office , Advisers , Support , Pensions , Authorities , 0ur Wales Correspondent , Steel Industry Thousands , Hywel Griffith , 0 , Advice , Amount , Richy Pugh , Fair , Profit , Port Talbot , Zero , One , 5000 , 8000 , 85000 , It Shouldn T , Decision , Steelworkers , Fairness , Compensation , Battle ,
comparemela.com © 2020. All Rights Reserved.