We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Steelworkers Promised Bigger Payments On Missold Pensions

Law360, London (January 11, 2019, 1:49 PM GMT) -- The U.K.’s Financial Services Compensation Scheme promised on Friday to give bigger payouts to former steel workers who have lost their investments through pensions misselling, after it handed more than £1 million ($1.3 million) to the clients of a single financial advisory company.

The statutory scheme announced after holding talks with workers and lawmakers that  it will change the way it calculates payouts to members of the British Steel Pension Scheme who were given advice by Active Wealth U.K. (Ltd.), which is now defunct. The fund has already paid approximately £1.1 million to 35 former clients of the company, including BSPS members, giving them...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!