The number of British Steel Pension Scheme (BSPS) members who transferred out under the age of 30 is more than was once thought, Professional Adviser can reveal.
Clark Willmott, a solicitor firm that has handled hundreds of claims relating to British Steel workers who received poor defined benefit (DB) transfer advice, has said it is acting for 29 clients who were under 30 when they were told to transfer. The advice given to those 29 young men was given by 13 of the financial advice firms it is currently acting against. As Clarke Willmott is not the only firm helping steelworkers who have lost money, it is possible there are more young scheme members than the 29 revealed. Clarke Willmott managing director of litigation Phillipa Hann said the f...
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