FCA
Two IFA firms fail
They also provided pension transfer advice to British Steel members
FCA slammed over plethora of failures in British Steel scandal
It has ‘consistently been behind the curve in responding to unsuitable pension transfer advice’
Take-up of pension advice and guidance ‘going backwards’
FCA data shows 40% of decumulation products were bought by DIY savers
FCA stops pension firm from accepting Sipp contributions
Company is looking for an acquirer
UK life insurance broker enters liquidation
After directors concluded it was insolvent