FCA
FCA fines IFA firm over ‘unsuitable’ pension transfer advice
It has paid redress of around £2.7m to 41 customers impacted by the switch to Sipps
Unregulated financial adviser with six aliases banned
She was already convicted and disqualified in 2009
FCA makes mass-marketing ban for mini-bonds permanent
UK financial watchdog introduced a temporary measure at the beginning of 2020
Just 8% of Brits received financial advice
But number of advisers slowly increasing
FCA warns expats about switching UK pensions into int’l Sipps
As it received queries relating to ‘charges being paid’ in these transfers