Aberavon MP Calls Out Government And FCA For Allowing A Free For All Which Has Left Many Steelworkers And Pensioners Worse Off

Today, Stephen Kinnock has: called for urgent action on pension misselling called out the FCA for failings; urged the government to produce a white paper; and supported Work and Pensions Committee report Stephen Kinnock, Member of Parliament for Aberavon, home of the Port Talbot Steelworks, today called out the Financial Conduct Authority (FCA) for their failure to protect British steelworkers and savers in the British Steel Pension Scheme (BSPS); called on the government to accept, in full, the Work and Pensions Committee recommendations, and urged the government to go further in introducing a system of deemed consent to keep savers in the best scheme for them. Continue reading

Stephen Kinnock And David Rees Statement On Cymer Afan Comprehensive

On Friday Stephen Kinnock met with residents from the Upper Afan Valley about the proposals for Cymer Afan Comprehensive, following that he and David Rees AM met with Councillors Scott Jones and Nicola-Jayne Elsie Davies, and former Assembly Member Brian Gibbons. After the meetings Stephen Kinnock and David Rees issued the following statement: Continue reading

Aberavon MP Stephen Kinnock Meets With Pensions Minister To Speak Up For Constituents About Changes To The BSPS On The Day We Learn Initial BSPS Transfer Figures

Stephen Kinnock met with the Pensions Minister, Guy Opperman, for a frank exchange of views about the government’s handling of the changes to the British Steel Pension Scheme (BSPS). Continue reading

No Place For Scandalous Child Poverty Figures In 21st Century Britain

Nearly a third of children in Aberavon are living in poverty according to statistics published the End Child Poverty coalition. Local MP Stephen Kinnock has called the figures ‘scandalous’ and said ‘there should be no place for child poverty in 21st century Britain. Figures from the End Child Poverty Coalition show 4424 children living in poverty in Aberavon which represents 31.6% of children in the area. Continue reading

Stephen Kinnock Calls For Early-Warning System So Regulators Can Be More Proactive

Aberavon MP, Stephen Kinnock, has said lessons need to be learnt from the creation of the British Steel Pension Scheme mark 2, and called for an early-warning system so regulators can be more proactive in tackling the unscrupulous behaviour of certain pension advisers witnessed in Port Talbot. Continue reading

MP Holds Constructive Meeting With New Prisons Minister

Aberavon MP, Stephen Kinnock, has held a constructive meeting with the new Minister for Prisons, Rory Stewart MP, just days after his appointment to the role, over the proposals to build a prison in Port Talbot. Continue reading

Stephen Kinnock To Hold Third Annual Funding Fair

Aberavon MP, Stephen Kinnock, is due to hold his annual funding fair in Taibach Community Education Centre at the end of the month. Now in its third year the event has grown to include 13 different advice providers and Mr Kinnock is encouraging local groups and organisations looking for funding to come along. Continue reading

Cyrus RW

Commenting on the news that Cyrus RW have been put into administration, Aberavon MP Stephen Kinnock said: “It is disappointing to learn of Cyrus RW being placed into administration, and for all of those employed by the company this will be an incredibly worrying time. “The priority must now be finding a solution that protects the jobs, particularly those in Briton Ferry where I believe there are up to 50 people employed in highly skilled, well paid jobs. Continue reading

Stephen Kinnock Hails Steel And Metals Institute

On a visit to the Steel and Metals Institute in Swansea University, Stephen Kinnock has hailed the work that they are doing to support and advance the steel industry. During the visit Mr Kinnock witnessed the work the Institute is doing with Tata Steel and SPECIFIC, looking at different uses for steel and developing the molecular structure of steel for new and exciting alternative uses. Continue reading

Aberavon MP Raises Concerns With Financial Conduct Authority Over British Steel Pension Scheme Scams

Aberavon MP Stephen Kinnock has contacted the Financial Conduct Authority (FCA) over worrying reports of opportunistic financial advisers providing steelworkers with poor financial advice and luring steelworkers into transferring millions out of pension funds. Mr Kinnock will be meeting with Mr Bailey next week and has said, ‘I am increasingly concerned about the stories of unscrupulous advisers targeting the steelworkers and cheating them out of their pension money. I will be raising these concerns directly with the Chief Executive of the Financial Conduct Authority.’ Continue reading