Home > Businesses > British Steel Pension Scheme > Reviews of British Steel Pension Scheme > Review

"Questioning Active BS Pensioners Ignored"

A review of British Steel Pension Scheme by MR LEE WARLOW written on Saturday 6th of January 2018


The following emails have been sent to BS pension office several times with no answer forthcoming-

Subject: Fund Valuation

Name: Mr Lee Warlow

Member Ref: ****

Hi, Please could you tell me how much in total are the assets going forward into the new BSP fund.

Andy Dunbar (Trustee) quoted a valuation of £15 BLN 2 months ago in front of an audience of over 200 active members at the Port Talbot meeting & stated it would last many decades.I'm not so sure as i

have it on good

authority that the estimated valuation is currently closer to £10 BLN,

resulting in a difference of £5 BLN from the Mr Dunbar's quote.

A quite considerable figure, & if true, an embarrassment for the Trustees.

I phoned the Helpline (A call which i have recorded), to obtain some information on the truth of topic, & it

is their understanding that the fund is worth £15 BLN as well. If this was not the case it would

mean they have been advising without having accurate figures from the fund auditors.

I would be grateful for some clarification on the matter.

As a sidenote, there is strong rumour that while extolling the virtues of the new fund,

Mr Andy Dunbar has taken his Transfer money and left the fund he reccommends,

this possibly being the

case, would hardly fill the existing members with confidence. If possible i would like to know if

there is any creedence to the story on this Trustee.

Although i have voted to join the new BSP fund, I would like to see maximum transparency on the subject.

Thank you for your valuable time,

Mr Lee Warlow.

Agree? Disagree? Add your own review of British Steel Pension Scheme

Did you find this review inappropriate or offensive?

More British Steel Pension Scheme Reviews

Now showing reviews 1-5 of 8

View all 8 reviews »

  • No help from glasgow by Anonymous
    Have made several calls to request my pension forecast and option choice and have no reply at all t...
  • Not happy with service by John Terry
    Tried to contact pensions about my pension forecast 3 times and not received a reply once . It would...
  • why not put the email address on the site save a phone call ? why not put the email address on th...
  • Please supply british steel pension scheme e-mail address so i can contact you & enquire about m...
  • Friendly First Class Service. by Mr Michael W Lamb
    I rang the office as to enquire about my deferred pension and I found the staff at the pensions of...

View all British Steel Pension Scheme reviews


NOTE: Reviews are submitted by visitors of our site. The contents of this page are in no way representative of the entity being reviewed, British Steel Pension Scheme, and are merely third party opinions. Glasgow Online accepts no liability in respect of any material submitted by visitors and published by us and we are not responsible for its content and accuracy. For further details, see our Terms & Conditions.

British Steel Pension Scheme

Map showing British Steel Pension Scheme on Waterloo Street