FCA fines adviser firm £2.4m for serious BSPS failings
- Friday, 02 December 2022
- Articles
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.
Read more...1,000 BSPS members to get redress offer by 2023
- Monday, 28 November 2022
- Articles
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.
Read more...FSCS declares 2 advice firms have failed
- Wednesday, 07 September 2022
- Articles
Two advice firms have been declared failed by the Financial Services Compensation Scheme this week, including a Financial Planning firm which has 25 pension transfer claims against it, including BSPS cases.
Read more...101 advice firms in scope of FCA BSPS asset retention rules
- Tuesday, 23 August 2022
- Articles
New emergency asset retention rules from the Financial Conduct Authority (FCA) have been applied to 101 firms who provided pension transfer advice for former British Steel Pension Scheme (BSPS) members.
Read more...