The Work and Pensions Committee is to release responses it has received from the FCA, advisory business Active Wealth and 'introducer' company Celtic Wealth.
Submissions were made by the FCA and the two companies following evidence presented to parliament on the British Steel Pension Scheme in December 2017.
The committee announced its intention to further scrutinise the timescale of the FCA’s intervention in the scandal, in which BSPS members are alleged to have been advised to carry out transfers against their own interests.
It will also examine the size of conducted transfers and the fees incurred, along with the conduct of advisers accused of malpractice.
Chair of the committee Frank Field said the FCA "must take care they are not sleepwalking into yet another huge mis-selling scandal”.
In a letter dated December 21 by Megan Butler, the FCA’s head of supervision, to Frank Field, the regulator pledged to extend an earlier investigation of 13 advisory companies to every company with pension transfer permission.
Butler's letter read: “In 2018, we will be collecting data from all firms who hold the pension transfer permission with the intention of assessing practices across the entire market to build a national picture."
