Channel One Financial Planning LLP, trading as Channel One Financial Services

Failed 25 January 2022

FRN: 542078

You might be eligible for compensation

Channel One Financial Planning LLP, trading as Channel One Financial Services is one of the companies associated with claims regarding the British Steel Pension Scheme (BSPS)

In 2017, many British Steel workers were advised to transfer out of their defined benefit pension into a defined contribution pension, known as a Personal Pension Plan or a Self-Invested Personal Pension (SIPP). 

By transferring to a private pension arrangement, they would have lost the guaranteed benefits already built up in the British Steel Pension Scheme. It may not have been realistic to achieve the same level of benefits from their new plan.

The advice they received may not have been the best advice for them.

If you think that this applies to you, download our compensation claim guide (pdf 0.1MB), and when you're ready, click the ‘Check if you can claim’ button.

The next step will be to answer a series of straightforward questions.

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FSCS

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