'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...

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