Fourteenth Report - Investigation into the British Steel Pension Scheme

Select Committee
Public Accounts Committee HC 251 21 July 2022
Report Status Government responded
Conclusions & Recommendations 23 items (5 recs)
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Government Response (AI assessment · 23 of 23 classified)
Accepted 1
Accepted in Part 1
Acknowledged 15
Deferred 1
Not Addressed 2
Rejected 3
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21 Conclusion Deferred
There are also wider uncertainties within the advice market, including the provision of Professional Indemnity Insurance (PII). PIMFA told us that the availability of PII has become severely limited because insurers are struggling to accurately predict the risk of 58 C&AG’s Report, para 9, 2.5 59 Qq 83, 86 (27 …
Government Response Summary
The FCA, FOS and FSCS will write to the committee on 21 January 2023 to explain what they are doing to manage risks in the redress system for financial service.
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