FCA pushes £26.7m SIPP provider into insolvency

The FCA said the small SIPP provider failed to carry out adequate due diligence checks on two EEQ introducer firms prior to accepting business from them.

The Financial Conduct Authority (FCA) has ordered that Cambridgeshire SIPP provider DAC Pensions Limited be placed into insolvency after the firm accepted business from unauthorised introducers without the proper vetting required by the FCA.

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FCA pushes £26.7m SIPP provider into insolvency

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