Lighthouse Group admitted to making a “minor technical error” in its advice given to British Steel workers to transfer their defined benefit (DB) pensions, Professional Adviser can reveal.
PA has seen correspondence from a Lighthouse adviser to a steelworker in which the adviser admitted to making a "minor technical error" while advising the steelworker to transfer out of their DB pension. The letter, which was sent in January 2018, explained: "We have reviewed your file in light of the recent publicity in respect of [DB transfers]. We have noted that the suitability report sent to you by [a Lighthouse adviser] at that time contained a minor technical error in respect of the early retirement arrangements potentially available to members of a pension scheme that has been pl...
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