Quilter sets aside £12m to cover Lighthouse BSPS DB transfer claims
Replatforming remains 'mission-critical'
Quilter has set aside £12m to cover redress payments to British Steel workers advised to transfer out of their defined benefit (DB) pensions scheme by Lighthouse Group, its annual results revealed.
Quilter bought Lighthouse Group in June last year bringing an additional 390 advisers to the firm's growing adviser operation. However, an affinity deal between Lighthouse and the steelworkers' union resulted...
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