Displaying items by tag: fines
Tuesday, 30 July 2024 11:06
FCA fines 3 over £6m ‘marketing fees’ for high-risk SIPP
Three financial advisers who pocketed almost £6m in ‘marketing fees’ relating to an SIPP which included inappropriate high-risk bonds, have been penalised almost £4m by the FCA and prohibited from any regulated activity.
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Friday, 01 September 2023 17:31
Two pension transfer advisers face £1.3m in FCA fines
The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.
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Friday, 01 October 2021 09:29
3 advisers behind £5.9m SIPP transfer scam face fines
The Financial Conduct Authority has warned two IFAs and a stockbroker that they face fines and regulatory action over their alleged role in a £5.9m SIPP pension transfer scam.
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Thursday, 22 August 2019 12:26
TPR fines mystery firm £350k over pension failings
The Pensions Regulator has fined a firm £350,000 for failing to fully comply with its pension duties.
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Wednesday, 08 May 2019 12:19
TPR slaps McDonald’s pension trustee with £103k fine
A corporate professional trustee firm has been fined £103,750 for breaching multiple areas of pension law.
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Thursday, 07 February 2019 11:16
Court fines accountant over ‘deliberate’ workplace pension failings
An accounts manager who tried to hide the fact that restaurants had not given their staff workplace pensions has been ordered to pay £5,000.
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Wednesday, 09 January 2019 11:19
Firm issues warning over 'large SSAS fines and de-registration'
SIPPs and SSAS firm Talbot and Muir has warned that many SSAS arrangements are being charged high fees but receiving little or no service.
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Thursday, 18 October 2018 09:33
Pension trustees fined for failing to invest £1.4m promptly
Four trustees of a master trust, who failed to promptly invest members’ savings for three years, affecting 9,081 members and contributions of £1.4 million, have been fined by The Pensions Regulator (TPR).
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Wednesday, 03 October 2018 12:46
FCA fines Tesco Bank £16.4m over cyber failures
The FCA has fined Tesco Personal Finance plc (Tesco Bank) £16.4m over failings relating to a cyber attack in November 2016.
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