Perfect Pensions Storm
The Welsh steel workers who were persuaded by 'sharks' to give up their company pensions.
Money Box · BBC Radio 4
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Show Notes
More than 2000 steel workers - many of them in the Welsh steel town of Port Talbot - were persuaded to transfer out of their final salary pension scheme. Many now deeply regret their decision, and believe they were mis-advised by"sharks" who descended on the town to take advantage of a period of confusion. Tony Bonsignore hears how the men's lives have been affected, what lessons have been learnt, and whether enough has been done to stop something similar happening again.
Presenter: Tony Bonsignore Producer: Alex Lewis Editor: Richard Vadon