Pension Transfers
Another IFA banned from providing advice on pension transfers
FCA has also prohibited him from holding any senior management function in a regulated firm
FCA carries out 30 investigations over British Steel DB transfer advice
Regulator is making final decisions on ‘what sanctions are appropriate where we have found misconduct’
Just 1% of completed pension transfers had red or amber flags
DWP review also finds ‘overseas investment amber flag needs to be more clearly defined or removed’
Ex-TPR director calls for change in DB transfer advice rules
David Fairs wants a ‘much smoother process’
UK-based IFA firm fails
As lifeboat scheme investigates advice company with links to British Steel Pension Scheme