Channel One Financial Planning LLP, also traded as Channel One Financial Services, was a financial advisor involved in the British Steel transfer scandal.

When British Steel’s pension schemes were potentially going to transfer into the Pension Protection Fund (PPF), several advisers including Channel One Financial Planning LLP chose to transfer people into other schemes. Some of these were standard schemes, some were non-standard.

Regardless of where a client was transferred, a defined benefit pension scheme needs careful analysis to confirm whether a transfer is suitable, due to the guarantees it provides upon retirement. Very few people would have been suitable to actually transfer.

If you had your pension transferred by Channel One Financial Planning LLP, you may be liable for compensation.