Displaying items by tag: FCA
Swansea adviser banned for 'negligent' BSPS advice
Swansea Financial adviser Simon Hughes has been banned by the FCA and made to pay £158,600 redress for “negligent” pension advice which has led to £8m compensation being paid to his BSPS member clients.
Warning about FCA retirement income advice probe
Financial Planning firms need to assess their retirement income advice in advance of the FCA’s impending review of the retirement income market, a compliance firm has warned.
FCA bans advisers over £42.3m BSPS-linked pension transfers
The Financial Conduct Authority has banned Darren Reynolds and Andrew Deeney of Active Wealth Limited for dishonest pension transfer advice.
FCA punishes 2 over BSPS transfer advice failings
The FCA has banned financial advisers Keith Dickinson and Andrew Allen for British Steel Pension Scheme transfer advice failings and ordered them to pay £155,000 in compensation.
40 BSPS adviser firms have failed so far
Forty financial advice firms hit by BSPS claims have so far failed with a further seven under investigation, latest FSCS data shows.
Two pension transfer advisers face £1.3m in FCA fines
The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.
FCA updates guidance on transfers and vulnerable clients
The FCA has issued new guidance to advisers on giving pension transfer advice to vulnerable clients.
Lisa Webster: Side effects of lifetime allowance axe
Advice group LEBC enters administration
National IFA, pensions and employee benefits consultancy firm LEBC has entered into administration after selling its assets to sister company Aspira Corporate Solutions.