British Steel pension predicament

Teaandscones

fuelcrusher wrote: »

Yes it was St James Place. I had enough doubts that I have stopped the process. The time pressure meant I wouldn't have been able to make a clear decision even if it could have been completed in time. For now I'll leave the DB alone and concentrate on my DC and sipp.
Thanks for the comments.

Sounds like a sensible decision. I wouldn't quite leave it alone but transfer to BSPS2 rather than leave it to go into the PPF otherwise you will get a 10% haircut.

fuelcrusher

Teaandscones wrote: »

Sounds like a sensible decision. I wouldn't quite leave it alone but transfer to BSPS2 rather than leave it to go into the PPF otherwise you will get a 10% haircut.

Thanks, yes I have opted to move to the new scheme.