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Transcripts for BBCNEWS BBC News 20211020 19:48:00

for myself and that s the same for everybody else. workers like richy were told to transfer out of their pension in 2017, after being warned it could fail. many took bad advice and depended on a regulator being there to protect them. that regulator, the financial conduct authority, is now being investigated to see whether it acted properly and has done enough since to support the workers. it means we are no longer banging on the door of the regulator and the compensators, it means that someone else is of equal standing. for many steelworkers, this will, or should, mean there s light at the end of the tunnel. what happened in the steel industry was one of britain s worst ever mis selling scandals, but it only really came to light because so many of the workers were all in one place and realised together something had gone wrong. the fear is that other people in other industries may still be vulnerable to a few unscrupulous advisers when it comes to trying to secure their future. the fca

Transcripts for BBCNEWS BBC News at Six 20211020 17:25:00

i mean, my pension s dropped £20,000 in the last two weeks because of the markets. that s not right, you know? there s no stability for myself and that s the same for everybody else. workers like richie were told to transfer out of their pension in 2017, after being warned it could fail. many took bad advice and depended on a regulator being there to protect them. that regulator, the financial conduct authority, is now being investigated to see whether it acted properly and has done enough since to support the workers. it means we are no longer banging on the door of the regulator and the compensators, it means that someone else is of equal standing. for many steelworkers, this will, or should, mean there s light at the end of the tunnel. what happened in the steel industry was one of britain s worst ever mis selling scandals, but it only really came to light because so many of the workers were all in one place and realised together something had gone wrong. the fear is that other peo

Transcripts for BBCNEWS BBC News at Ten 20211020 21:18:00

it s a lottery on who gets what. i mean, my pension s dropped £20,000 in the last two weeks because of the markets. that s not right, you know? there s no stability for myself, and that s the same for everybody else. workers like richie were told to transfer out of their pension in 2017, after being warned it could fail. many took bad advice and depended on a regulator being there to protect them. that regulator, the financial conduct authority, is now being investigated to see whether it acted properly and has done enough since to support the workers. it means that we are no longer banging on the door of the regulator and the compensators, it means that somebody else is of equal standing. for many steelworkers, this will, or should, mean there s light at the end of the tunnel. what happened in the steel industry was one of britain s worst ever mis selling scandals, but it only really came to light because so many of the workers were all in one place and realised together something ha

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