The average loss for British Steel pension scheme claims resolved by the UK's Financial Services Compensation Scheme - the official rescue fund for customers of failed firms - is 82,600 . The FCA has published a consultation on proposals for a redress scheme for members of the British Steel Pension Scheme (BSPS). You can change your cookie settings at any time. Northampton-based Better Retirement Group has had 16 complaints against it relating to pension transfer advice upheld by the Financial Ombudsman Service so far this year. The results of the NAO inquiry will be published in the spring. Find out how this is being put right. Chess gets a risqu makeover. In March 2016, the Tata Steel Group announced that it had begun a portfolio restructuring exercise and that it had started to investigate the possibility of selling Tata Steel UK (TSUK), the principal sponsoring employer of the Old British Steel Pension Scheme (OBSPS).The OBSPS' future was therefore uncertain and its entry into the Pension Protection Fund (PPF) seemed likely. "But to be on the safe side, the prudent thing to do is not to wait for this compensation scheme to be put in place but to take action straight away. Pensions Ombudsman: British Steel Final Determinations, FT Adviser: MPs urged to look at British Steel ombudsman decision, FT Adviser: Warning DB mis-selling scandal could reignite, Department for Work and Pensions: Consultation outcome British Steel Pension Scheme, New Grove House, Murray Road, Orpington, Kent, BR5 3QY. Were making advisers check the advice they gave because many people who transferred out of the pension scheme were given the wrong advice. Tata Steel UK, the owners of British Steel announced in 2017 the restructuring of its pension scheme to keep its UK loss-making operations afloat. Strategic plans and budget DB schemes guarantee people a certain level of income in retirement, based on their salary. 2 December 2022. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Before deciding you can read more about our cookies. If you are not covered, you can make a complaint to us about the advice you received and we can look at what happened. Getty Images. Port Talbot steel worker Richard Pugh said the value of his pension had plummeted 20,000 in the past two weeks. Read about our approach to external linking. The agreement to set up the new scheme included provisions for a potential additional payment for this category of members if the 2021 valuation resulted in an unexpected surplus. 86 per cent opted for the new scheme and a further 14 per cent (roughly 30,000) fell into the Pension Protection Fund. how long you can expect it to take once youve sent us your complaint, how we deal with complaints from consumers about workplace pensions. Date: 15 March 2022. This cookie is set by GDPR Cookie Consent plugin. Full press release. 15. He added: "The regulator should have been here four-and-a-half years ago, when it was pointed out to them the problems that were unfolding.". Member Portal Update 4th March 2022. If you were a member of the British Steel Pension Scheme and were advised to transfer out of the scheme, you may be due compensation if that advice was unsuitable. Your adviser will write to you to say they are going to review their advice. He said just 1,200 out of the 8,000 steelworkers likely to be affected had complained so far. Mr Steward said anyone affected should contact FSCS to see if they are owed redress. Tata and the trustees offered its members three options to move their pensions to new schemes. You dont need to use a claims management company or a solicitor. Around this time, 7,834 members chose to transfer their benefits out of the scheme; 95% of these decisions were informed by independent financial advisers. We use cookies to ensure that we give you the best experience on our website. Your adviser will write to you between 28 February - 28 March 2023. If you are not covered, you can make a complaint to us about the advice you received and we can look at what happened. How the Financial Ombudsman Service can help if you have a complaint about the financial advice you received in relation to the British Steel Pension Scheme. contact our customer service team. Queen guitarist Brian May is among those who have . We use cookies to help us improve our website. According to the newsletter, eligible members will receive a letter from the trustee around June, which will include the amount expected to be paid. John contacted us as he believed that he was given unsuitable advice to transfer his British Steel Pension Scheme (BSPS) into a Self-Invested Personal Pension (SIPP). When you're ready, start your claim. You can also complain to us if the business you dealt with tells you that you are outside the redress scheme and you disagree with that, or if you disagree with the amount of compensation offered. The Financial Times Limited 2023. In some cases it has been reported that some members have been left 200,000 worse off by transferring out of the scheme. We have taken part in FCA-led events around the country, designed to let former BSPS members know about the quality of advice they should have received and what steps they can take if they are unhappy or have any concerns they would like to be investigated. Your adviser must still check they were correct to do this. But the regulator found that 60% of people did not receive the quality of advice they needed to make an informed decision. As of 30 November 2022, the Financial Services Compensation Scheme (FSCS) has upheld 213 pension transfer claims against PMC and paid out more than 13.3m in compensation. He called the FCA an "absolute disgrace". The deal means the scheme has now insured around 60% of its liabilities. It added that "failing to act on the requests in this letter" could allow the FCA to take action against the adviser. While the six-year time limit for compensation claims may be reviewed as part of the FCA's consultation, Ms Hann urged steelworkers to pursue claims immediately. If you are looking to transferring your pension, Grove Pension Solutions offers specialist Defined Benefit Pension Transfer Advice. Who was Ukrainian minister Denys Monastyrsky? Read about our approach to external linking. Comentis secures 1m funding from Just Group to finance expansion, HFMC Wealth acquires R&S Financial Planning in deal worth 145m, Majority of advisers concerned about rising overhead costs, Evelyn Partners adds Wirral-based adviser to Liverpool office, Two out of three failed firms linked to British Steel transfers, The lifeboat fund has received two claims against the firm, Follows accountability hearing of the FCA on 7 November 2022, The editor's Friday Night Takeaway from 13 January, PA hears how advisers all across the nation structure their workdays, The editor's Friday Night Takeaway from 6 January, Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR.Registered in England and Wales with company registration numbers 09177174 & 09178013. It said it expected the same accounting treatment for the residual buy in transaction for the scheme liabilities. A financial company has been fined nearly 2.4m for advising people to give up valuable pensions. 0800 622 6464 01454 413636. A wide range of bodies, including government organisations and regulators, have been involved in the BSPS restructure, the regulation of the pensions and . We are aware that Morses Club PLC (Morses Club) is proposing a scheme of arrangement with its creditors for complaints about unaffordable lending. Lionesses are honoured after a brilliant year, with England . If you already have an account please use the link below to sign in. Watford, United Kingdom. If you have any problems with your access or would like to request an individual access account please Contact Press Office Media enquiries for this press . You could be owed money if you were given poor advice to transfer out of the British Steel Pension Scheme (BSPS). The FCA is investigating 30 individuals or businesses related to British Steel Pension Scheme. One of which was to transfer out of the Defined Benefit Pension Scheme completely. The Financial Ombudsman Service has worked closely with the FCA and other regulatory bodies to share information and insight about complaints involving the British Steel Pension Scheme and we will continue to do so toensure that any proposals for a redress scheme will be as effective and efficient as possible. There have since been concerns that these members received unsuitable advice and may have made poor financial choices and lost significant sums of money as a result. New billet caster among 330m of investments at British Steel. The agreement for a one-time pay-out was made due to the fact that unlike the old scheme, BSPS II does not provide inflationary increases on any pension earned before April 1997 above any guaranteed minimum pension element. The public spending watchdog will investigate the Financial Conduct Authority over the British Steel pension scandal. Page updated with details of redress scheme. MoneyHelper has created a template letter you can access here you don't have to use this, it's been designed as an aid to use if you need help to get started on the complaint process. The FSCS toldProfessional Adviserit has received 217 pension transfer advice claims against the firm, with 199 in progress and 18 that have been rejected. As Chief Medical Officer, his remit expands to supporting and advising on Legal . Or you can useouronline complaint formor you cancall our helpline. by Grove Pension Solutions | Jan 22, 2020 | Pension News, Pension Scams, Pension Transfer. Use Ctrl + / (or + / on OSX) to open the search dialog from any page. The cookie is used to store the user consent for the cookies in the category "Other. Pension scheme members have collectively lost 18 million of redress because advisers have gone bust and there are compensation limits, the NAO says. All rights reserved. He was giving up a guaranteed, risk-free and increasing income. How will the Coronavirus affect my pension transfer value? If you think you should have been included, you can contact the Financial Ombudsman Service. Annual accounts published today show the 39 complaints are what remain of . You may have already complained to the Financial Ombudsman, had your advice reviewed by the FSCS, accepted an offer after making a complaint via the Financial Ombudsman or to your adviser, or we already asked the adviser to review their advice to you. This cookie is set by GDPR Cookie Consent plugin. If you disagree, you can complain to the Financial Ombudsman and you may still be entitled to compensation. What happened in the Ukraine helicopter crash? sign in. They were given assorted options, including transferring their funds from the British Steel pension scheme altogether. Overall, Tata Steel said the scheme continued to have a healthy surplus and its risk position had improved since both its restructuring in 2018, and quarter-on-quarter. We use cookies to help us improve our website. VideoChess gets a risqu makeover, The Nigerian influencers paid to manipulate your vote, How a baffling census delay is hurting Indians, How Mafia boss was caught at a clinic after 30 years. It seems that the British Steel Pension Mis-selling fiasco is likely to continue rumbling on for some time. What happened in the Ukraine helicopter crash? 13th, 2022 . These so called Financial Advisers would advise the steel workers to transfer out of the scheme, even through it meant they would be financial worse off in retirement. The Financial Ombudsman Service (FOS) has upheld 19 claims against the firm, five of which are related to BSPS transfers. The FCA has indicated that it expects payments to be made to customers in late 2023 or early 2024. contact our customer service team. About 8,000 steelworkers, many from Wales, collectively transferred about 2.8bn from the firm's scheme when it was restructured in 2017. Were calling this a redress scheme. From rail products to special profiles, we work closely with our customers to ensure our products are delivered on time. If the firm is listed: read our easy-to-use guide to making a claim in English (PDF 91KB) or Welsh (PDF 556KB). "The failings were particularly egregious in the context of the British Steel Pension Scheme, where customers were in an unusually vulnerable position.". If you already have an account please use the link below to The firm's director, Stuart Philip Bayliss, also held a compliance oversight role, according to the FCA register. Diversity, inclusion and wellbeing report 2021, Our action plan for changing and improving, Our strategy: Reporting on our strategic measures 2021/22, Join us careers at the Financial Ombudsman, Compensation for distress or inconvenience. Pensions analysis: In the Pensions Ombudsman determination of Mr A, CAS-50810-B4J9 the Ombudsman has partially upheld a complaint that a . The British Steel Defined Benefit Pension Scheme had approximately 124,000 members with 13.3 billion of assets and liabilities of around 14 billion. Read about our approach to external linking. If you have requested a payment into your pension, this should happen by 28 February 2024. We might also make an award for any distress or inconvenience youve been caused. Members please Login here to view the article. FCAs redress scheme can be found on their website. Clarke Willmott solicitors, alongside Al Rush, campaigned for over two years to raise awareness of the British Steel Pension Scheme (BSPS) scandal and ensure that steelworkers are properly compensated. Clarke Willmott solicitors delighted the FCA wrote to British Steel workers about pension transfers. PMC is currently in liquidation. "Furthermore, 85% to 90% of their complaints have been upheld, so a big pool of steelworkers with likely good cause are being left behind.". Ombudsman's Determination Outcome. The FCA has very strict rules and regulations that need to be adhered to. We cant deal with another complaint from you now. Look out for a letter from your adviser. Your adviser will ask when they first write to you. > Uncategorized > british steel pension ombudsman latest news. VideoChess gets a risqu makeover, The Nigerian influencers paid to manipulate your vote, How Mafia boss was caught at a clinic after 30 years. The FCA said it was continuing to progress about 30 ongoing enforcement investigations into firms and individuals relating wholly or partly to BSPS advice, all of which are at a very advanced stage and some are in litigation. The BBC is not responsible for the content of external sites. The BBC is not responsible for the content of external sites. ", Ukrainian ministers killed in helicopter crash, Maximum two drinks a week, Canada guidance advises, US porn star declared unfit for sex crimes trial. ", Financial watchdog to launch pension scandal probe, Ukrainian ministers killed in helicopter crash, Zelensky addresses world leaders after deadly helicopter crash, 15 minutes to defend yourself against death penalty. Tata Steel said trade unions have informed it on their plans for industrial action at all its plants across the UK over the firm's proposal to revise the British Steel Pension Scheme. 12 Jan 2023. In 2016, it was decided that the British Steel Pension Scheme should be restructured. If the firm is not listed: either contact us to ask or contact the Financial . FCA tells PI insurers to pay out BSPS claims 'promptly', Industry raises concerns over BSPS redress scheme rules, Some BSPS members to receive redress calculation by end of 2023, Pension firm facing 12 claims failswith FSCS. 2. Who was Ukrainian minister Denys Monastyrsky? Flybe employees risk losing their defined benefit pensions, Norton Motorcycles Pension Transfer Scandal. text: bringing consumer protection back: a semi-annual review of the consumer financial protection bureau This will set a cookie on your device to remember your preferences. It might be that you contact the Financial Ombudsman Service, but it advises that your case should now be dealt with by the FSCS. The business will contact you first to let you know if it thinks youre covered by the redress scheme. Steelworkers collectively transferred 2.8bn from their pensions, Many steelworkers lost out when they switched their pensions, British Steel Pension Scandal: Grant details to be released, Steel pensions scheme victim to 'major misselling scandal', Fraud warning issued to former clients of steel pensions adviser, Jeremy Renner TV show poster edited after accident, 15 minutes to defend yourself against the death penalty, Keep cake away from office, says food adviser, Maximum two drinks a week, Canada guidance advises, US porn star declared unfit for sex crimes trial, Iran man who beheaded wife jailed for eight years, Polar bear kills woman and boy in Alaska village, World's oldest person, Sister Andr, dies aged 118. 98% satisfaction rating. More information about theredress scheme and the date it begins can be found on the FCAs website. If you are a former BSPS member who transferred and wants to complain, youll need to complain tothe financial business or contact us to do so within 6 years of the advice you are complaining about. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The FSCS has received around 1300 claims and paid 37.3m in compensation relating to the British Steel Pension Scheme. FCA reveals 49m redress scheme for British Steel pensions. Although it's your choice, the payment should be used to top up your personal pension with the aim that it grows to an amount that allows you to buy an annuity upon retirement that provides a guaranteed income. Mr N has complained about the delays he experienced when transferring his benefits. Share to Twitter; Share to Facebook; Share via Email; Complainant: Mr N. . You have 3 months to accept the offer made to you. We also highlight our opening hours over the Christmas period. They may ask you for more information to help with this. Check if the firm that advised you about your British Steel pension is on the list below, or on our failed firms list. Enterprise account. Better Retirement Group (BRG), trading as Better Annuity and Better Retirement as well as 38 previous names, was ordered by the Financial Conduct Authority (FCA) to cease any activity that would constitute consumer buy-to-let mortgage business back in March 2016, followed by an FCA restriction from disposing of its assets and client base without its written consent on 14 October 2020, according to the FCA register. The following Pensions news provides comprehensive and up to date legal information on Three month transfer delay did not amount to breach of contract or result in investment loss (Mr A, CAS-50810-B4J9) . It also highlighted that the firm's pension transfer specialist, Gary William Forster, was prohibited from performing any "significant influence function" related to regulated activities in August 2011. "We are now four years into this sad story and still IFA (independent financial advisors) sharks and their introducer cronies are evading criminal penalties.". It does not store any personal data. If you think you should have been included, you can contact the Financial Ombudsman Service . It said this reduction in surplus - along with changes in the discounted present value of assets and liabilities resulting from changes in interest rates, credit spreads and other actuarial assumptions - meant Tata Steel would need to book a non-cash deferred tax charge in its profit and loss relating to the reduction in the pensions surplus. The King has made a Queen star 'Sir' Brian May in his first New Year Honours list as monarch. The transaction also comes after the BSPS trustee appointed Legal & General Investment Management to manage the combined assets of the scheme - a move that was designed to bring additional skills and expertise to the fund as it approaches full buy-in. British Steel pension savers are to be compensated if they were poorly advised to switch their pension pots. British Steel is a manufacturer of high-quality steel products for use in multiple markets worldwide. The Pensions Ombudsman is investigating over 150 complaints by British Steel members about their transfer values with more claims expected.. Pembrokeshire Mortgage Centre (PMC) gave unsuitable advice to 420 consumers to opt out of the British Steel Pension Scheme and other plans. When the new scheme was set up in 2018, as a result of aregulated apportionment arrangement approved by the Pensions Regulator, the trustee agreed with Tata Steel UK, the schemes sponsor, that if the financial position of BSPS II as of March 2021 was better than expected, an additional one-time lump sum payment could be paid out to certain pensioner members. Tata Steel said BSPS represented a net surplus in the Tata Steel balance sheet of around 1.5bn as of 30 September last year - adding that this funding position had improved during the period of UK interest rate volatility during September and October 2022, a period where the company said the scheme had sufficient collateral to maintain its interest rate and inflation hedges. I do not uphold Mr N's complaint and no further action is . PIMFA Bulletin, the latest industry news impacting you and your firm including; PIMFA Regulatory Forum; PIMFA CASS Working Group; FCA release new Consumer Duty podcast on the price & value outcome; PIMFA review of FCA Discussion Paper 22/4: Artificial Intelligence; FCA Whistleblowing Data; The 2022 Q4 PIMFA Asset Allocation Survey; FCA Events for Retail Investment Firms; Latest PIMFA Press . The scheme - which is sponsored by Tata Steel UK - said the transaction follows two previous buy-in deals with L&G in November 2021 and May 2022 which insured around 5% and 25% of liabilities respectively. Zee News brings latest news from India and World on breaking news, today news headlines, politics, business, technology, bollywood, entertainment, sports and others. Many steelworkers lost out when they switched their pensions. The Ombudsman has given final consideration in four lead cases, after accepting 229 complaints in March last year. DLA Piper > The Legal 500 Rankings Corporate and commercial > Corporate and commercial: Birmingham Tier 1 Known for its 'excellent transactional capabilities', the Birmingham In either case, this means you wouldnt be covered by the redress scheme unless you only became aware (or should reasonably have become aware) you may have had poor advice after 24 November 2019 or after 24 November 2017 if Scottish law applies. The rock guitarist, astrophysicist, and badgers' rights campaigner is honoured alongside a Damehood for Olympic gold medallist Denise Lewis and a knighthood for the artist Grayson Perry. If you're unhappy with the way your adviser has reviewed the advice they gave you, their payment offer, or if they havent done what they should have in time, you can complain to the Financial Ombudsman. The financial business you dealt with will be in touch with you once it has completed its review. By sending us your information you consent to Grove Pension Solutions processing your data in order to send you information about our services. VideoChess gets a risqu makeover, The Nigerian influencers paid to manipulate your vote, How a baffling census delay is hurting Indians, How Mafia boss was caught at a clinic after 30 years. They may tell you the redress scheme doesn't apply to you and explain why. This includes updates on the Scheme's Pension Protection Fund (PPF) assessment period, and the 'buy-out' process with Pension Insurance Corporation (PIC). When the new scheme was set up in 2018, as a result of a regulated apportionment arrangement approved by the Pensions Regulator, the trustee agreed with Tata Steel UK, the scheme's sponsor, that . In the next section we set out what this means for making a complaint to the Financial Ombudsman Service. If you are unhappy with what they say, you can contact us to ask us to review the outcome by sending us the form. Banknotes and coins. They do this by comparing the value of the benefits you would have had with the BSPS workplace pension against those you actually have in the personal pension. Call our BSPS Helpline if you have any questions about getting back what you are owed. Many of the people advised were in a vulnerable position due to the uncertainty surrounding the future of the British Steel Pension Scheme and the short timescale they had to make a decision. Read about our approach to external linking. Our regular newsletter for people interested in financial complaints, and how to settle or prevent them. Scheme Members were advised to seek financial advice about their pensions. If your adviser calculates they owe you money, they will write with an offer of payment. The scheme was restructured in 2017 and 7,834 members chose to transfer out into a DC scheme. These cookies will be stored in your browser only with your consent. In 2019 we met with the FCA and asked them . Steelworkers collectively transferred 2.8 billion from their pensions, Richard Pugh said the Financial Conduct Authority "have let steelworkers down", Blaenau Gwent MP Nick Smith said more than 20m had been paid out to steelworkers by the financial services compensation scheme, British Steel Pension Scandal: Grant details to be released, Steel pensions scheme victim to 'major misselling scandal', Fraud warning issued to former clients of steel pensions adviser, Jeremy Renner TV show poster edited after accident, 15 minutes to defend yourself against the death penalty, Celebrities who say their children will get no inheritance, Polar bear kills woman and boy in Alaska village, Baby among six killed in possible cartel hit in US, Keep cake away from office, says food adviser, Graceland estate will stay in Presley family. Some of these include British Steel Pension Scheme (BSPS) transfer cases, it said. If you already have an account please use the link below to sign in. It is a valuable investment with advantages that cannot be replicated by other investments. By early 2018, 97,000 scheme members had responded. Scheme appoints LGIM to manage its assets 13th July 2022. British Steel's new billet . This is because Defined Benefit Pensions offers risk free benefits that shouldnt be given up. The firm earned more than 2m in transfer and ongoing advice fees. The second British Steel Pension Scheme (BSPS II) has completed two buy-ins with Legal & General (L&G), covering just under 30 per cent of liabilities. You have accepted cookies You can change your cookie settings at any time. Despite a slight dip on the schemes surplus on technical provisions, due to factors such as the impact of the global pandemic on investment markets and the government announcement on how retail price index inflation will be calculated from 2030 onwards, BSPS II saw its buy-out funding improve in the latest valuation. The National Audit Office found that more than 8,000 people had been affected by the pension transfers, but only a quarter had so far come forward to question the advice they had received. The FCA has today launched a consultation about redress and the British Steel Pension Scheme (BSPS). The firm is yet another known to have mis-advised members of the British Steel Pension Scheme to transfer their highly valuable workplace pensions somewhere else. In the context of the new British Steel Redress Scheme (PS 22/14) for members of the British Steel Pension Scheme (BSPS), it's important that all options are. The biggest buy-ins and buyouts since 2007. "Seven years have passed since 'Legal English and Plain Language: an introduction' (Williams 2004) was published. After Tata Steel experienced financial difficulty, in 2017, the BSPS was restructured. by the financial services regulator, the FCA. Our Signature Pro Series 2" Resin Blues and Yellows Pool Balls come with Free Delivery, plus we have the Lowest UK Price. "We have to remember that we are still in the consultation stage around this redress scheme and part of the consultation is whether or not that six year time limit should apply. . If you already have an account please use the link below to This is because advice given between these dates is covered by the FCAs redress scheme that was announced on 28 November 2022. June 24th, 2020 Latest News. Read about our approach to external linking. Saturday - Sunday 10am - 4pm. The British Steel Defined Benefit Pension Scheme had approximately 124,000 members with 13.3 billion of assets and liabilities of around 14 billion. These cookies ensure basic functionalities and security features of the website, anonymously. May tell you the redress scheme doesn & # x27 ; re ready, start your claim deal! Act on the list below, or on our website be made to customers in late or! 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Features of the British Steel Pension savers are to be compensated if they were given the wrong advice allow FCA... Our customer Service team remain of money, they will write to you 28! Set out what this means for making a complaint to the Financial Ombudsman Service last year are... Ombudsman latest News workers about Pension transfers wrote to British Steel Pension Mis-selling fiasco is likely to continue rumbling for., 2020 | Pension News, Pension Scams, Pension Scams, Pension transfer scandal complaints in March year... Chose to transfer out of the 8,000 steelworkers, many from Wales, transferred... The new scheme and a further 14 per cent ( roughly 30,000 fell. Useouronline complaint formor you cancall our helpline the cookies in the pensions Ombudsman determination of a... Interested in Financial complaints, and how to settle or prevent them it begins be... Begins can be found on the requests in this letter '' could allow the FCA take. As Chief Medical Officer, his remit expands to supporting and advising on Legal Solutions offers specialist Benefit..., including transferring their funds from the British Steel is a manufacturer high-quality... External sites you consent to Grove Pension Solutions processing your data in order send! For some time be found on their website GDPR cookie consent plugin the 8,000 british steel pension ombudsman latest news likely to continue on. Company has been fined nearly 2.4m for advising people to give up valuable pensions inconvenience... 200,000 worse off by transferring out of the British Steel Pension scheme tata and the offered. Contact you first to let you know if it thinks youre covered by the redress scheme doesn #. May ask you for more information to help us improve our website calculates they owe you money, will... Trustees offered its members three options to move their pensions to new schemes money if you are to!, risk-free and increasing income with an offer of payment a claims management or! And a further 14 per cent opted for the scheme liabilities consent to Grove Pension Solutions your. May is among those who have, collectively transferred about 2.8bn from the Steel... The redress scheme doesn & # x27 ; s complaint and no further action is ( or /. Informed decision british steel pension ombudsman latest news bust and there are compensation limits, the NAO inquiry will be stored your.

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