'Outpouring' of adviser support to help British Steel pension 'fiasco'

Pro bono guidance

Hannah Godfrey
clock • 2 min read

British steelworkers have seen an "outpouring" of support from the adviser community offering assistance on a pro-bono basis as they decide whether or not to transfer out of their defined benefit (DB) pensions.

Echelon Wealthcare managing director Alistair Rush, who has been heavily involved in helping the steelworkers, set up Operation CHIVE, to take place next week on 11 and 12 December. CHIVE - short for 'Counselling, Help, Information, Volunteer Exchange' - will see advisers and other members of the financial services community give pro bono guidance to those affected by the collapse of the British Steel Pension Scheme (BSPS). British steelworkers have until 22 December to decide whether to move their DB pension pots into a new plan that is being created, or stay in the current fund, whi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Partner Insight: The psychology of retirement

Partner Insight: The psychology of retirement

Bridging the advisers-clients gap: How emotional intelligence can help build deeper trust with clients and better understand their financial goals

James Woodfall, Raise Your El.
clock 15 September 2025 • 1 min read
Managing drawdown risk: A new frontier in retirement planning

Managing drawdown risk: A new frontier in retirement planning

'Volatility alone is no longer a sufficient risk measure'

Matthew Wright
clock 29 August 2025 • 4 min read
Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read