Second advice firm linked to British Steel goes into liquidation

Cancelled DB transfer permissions in December

Victoria McKeever
clock • 1 min read

Retirement & Pension Planning Services is the second advice firm linked to the British Steel Pension Scheme saga to have gone into liquidation.

According to a note on The Gazette, the Barnsley-based advice firm went into liquidation on 27 June this year. The statement said: "That the company be wound up voluntarily and that John Hedger of Seneca IP Limited, Speedwell Mill, Old Coach Road, Tansley DE4 5FY be appointed liquidator of the company." Last month, it emerged Retirement & Pension Planning Services had applied to the Financial Conduct Authority to cancel all of its regulatory permissions. On 13 December 2017, the firm voluntarily suspended its defined benefit pension transfer permissions as a result of advising Brit...

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 Pensions

Devilish details: Protection and the abolition of the LTA

Devilish details: Protection and the abolition of the LTA

'There are a number of subtleties to be aware of'

Thomas Coughlan
clock 22 March 2024 • 8 min read
L&G Retail launches adviser handbook on later life divorce

L&G Retail launches adviser handbook on later life divorce

To help support advisers dealing with clients going through a divorce

Jenna Brown
clock 21 March 2024 • 1 min read
New occupational scheme launches; BSPS rescue proposals set out

New occupational scheme launches; BSPS rescue proposals set out

Former British Steel workers will be able to ‘reverse transfer’ their pots

Jonathan Stapleton
clock 14 March 2024 • 2 min read