The ‘Day pension vultures swooped on our steelworkers’ headline is, of course, from the Daily Mail. Those ‘vultures’, the one’s legally allowed to advise on pension transfers, are probably the most highly regulated and scrutinised in our business. If the pension scheme is allowing transfers out arranged by unregulated advisers to unregulated pension schemes, shame on them. And if the pot being transferred is pretty large, it would be criminal were they to be advised to put it all in cash. Investing in stocks and shares is one of the many ways in which the rich get richer. If the steel men (and ladies) are properly advised, it could be their, and their families, big chance, too.