What happened in Sheffield
Sheffield has a deep industrial heritage in steel, manufacturing, and engineering. Workers accumulated valuable DB pension entitlements over long careers — and during 2012–2020, a significant number were advised to transfer those entitlements into SIPPs or personal pension products.
Many Sheffield-based transfers involved national adviser networks whose appointed representatives operated in the city. Where those advisers have since failed or been subject to regulatory action, Routes 2, 3, and 4 are available.
Who this affects
Workers in Sheffield and South Yorkshire in steel, manufacturing, or engineering who were advised to transfer a DB pension between approximately 2012 and 2020.