FSCS
IFA banned over ‘unsuitable’ DB pension transfer advice
He has been told to pay £850,000 to the FSCS to compensate customers
UK-based financial advice firm declared in default
With the FSCS receiving eight claims against the company
19 million Brits over 50 will not consider annuities
Less than a third have or would contemplate buying one
10 firms hit with restrictions as FCA continues AR crackdown
Appointed representatives accounted for more than half of the total value of recent claims to the FSCS
UK-based financial advice firm fails
As the lifeboat scheme confirms four companies were declared in default between April and May 2023