Quilter earmarks £3m for British Steel redress

Wealth firm’s interim results include all anticipated associated additional costs

Hope William-Smith
clock • 1 min read
Quilter earmarks £3m for British Steel redress

A total £3m has been calculated by Quilter for the remaining redress of British Steel Pension Scheme (BSPS) cases.

The wealth firm's 2022 interim results - published yesterday (10 August) - outlined its redress expectations following its acquisition of national advice company and network in 2019 after the colla...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

DB members urged to 'shop around' for pension transfer advice

DB members urged to 'shop around' for pension transfer advice

LCP advises savers to be ‘savvy’ when looking for pension transfer advice

Martin Richmond
clock 22 September 2023 • 2 min read
Over half of schemes have accelerated endgame plans

Over half of schemes have accelerated endgame plans

WTW finds 54% of schemes have fast-tracked plans due to increase funding levels

Martin Richmond
clock 22 September 2023 • 3 min read
PPF chief executive Oliver Morley: members of schemes in the assessment period should be reassured by Trustmark badge

PPF launches Trustmark badge for panel firms

29 PPF-appointed advisers can now use approved badge to represent expertise

Jasmine Urquhart
clock 19 September 2023 • 3 min read
Trustpilot