Philippa Hann: Eight DB transfer 'red flags' for advisers

The Clarke Willmott solicitor has been representing British Steel workers in their battle to receive compensation from the Financial Services Compensation Scheme (FSCS) for advice they received in 2017 before they transferred out of their DB British Steel Pension Scheme (BSPS). In a bid to secure what she considered fair compensation for her clients, Hann, alongside Echelon Wealthcare managing director Alistair Rush, who has been instrumental in helping the steelworkers, took the fight all the way to Westminster. Initially, Hann and co asked the FSCS to examine the discount rate used ...