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Fined SIPP adviser pushed same plan to 96% of clients
The FCA has fined Pembrokeshire Mortgage Centre Limited (trading as County Financial Consultants) £2,354,331 for providing "woeful" and unsuitable advice to consumers to transfer out of the British Steel Pension Scheme (BSPS) and other defined benefit (DB) pension schemes.
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FCA to alert pension savers to cash savings risk
The FCA is to push ahead immediately with plans to warn pension savers of the corrosive effect of inflation on cash savings.
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SIPP adviser placed in default by FSCS
The Financial Services Compensation Scheme has declared in default its fifth financial adviser firm this month.
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Cheaper and simpler advice regime planned by FCA
The FCA is set to open the door to regulated 'simplified' financial advice to make advice cheaper and more accessible.
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£45,000 average payouts for BSPS members on way
The Financial Conduct Authority said today that its expects more than 1,000 British Steel Pension Scheme (BSPS) members hit by poor pension transfer advice to start receiving redress calculations in 2023.
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