Nikhil Rathi, chief executive of the Financial Conduct Authority, is to face questioning from MPs as part of the Public Accounts Committee’s inquiry into the British Steel Pension Scheme transfer scandal.

The National Audit Office, the UK’s independent public spending watchdog, is to investigate the FCA’s handling of the British Steel Pension Scheme restructuring.

A.W.Dallas Financial Services has been forced into liquidation after receiving 35 Financial Ombudsman Service (FOS) complaints in relation to British Steel Pension Scheme (BSPS) pension transfer advice.

The Financial Conduct Authority (FCA) has published a new web page to help British Steel workers who transferred out after receiving unsuitable advice better understand the claims process.