
Al in Port Talbot
In a scintillating hour long session, Al Rush
- condemned FSCS for its lack of transparency towards steelworkers
- explained his relationship with Clark Wilmott and how Philippa Hann became involved with the FCA
- confirmed that Andrew Bailey fell asleep not once but six times in a meeting with him
- argued that while most of the steelworkers he had worked with were happy, they still deserved compensation
- annoyed IFAs by telling them that the British Steel Action Group’s financial analysis was irrelevant to the 404 redress scheme
- called the FCA inherently not fit for purpose
- explained the level of care needed to get steelworkers ready to decide on whether to transfer or not
- remembered the behavior of rogue advisers in time to choose
- made us laugh many times
- left us with a deeper understanding of how the BSPS fiasco happened and why it is turning into a mess for FCA, FSCS, TPR, FOS, IFAs, Tata and most of all the steelworkers.
Billy Burrows called it one of the best sessions he had ever attended. I thought Al captured the Zeitgeist of the moment. You will not be able to capture the immediacy of the moment by listening to the audio, but it is well worth a listen nonetheless