FCA launches High Court battle against DB transfer adviser

The FCA has commenced civil proceeding in the High Court against Paul Steel for providing unsuitable defined benefit pension transfer advice.

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100,000 pension transfers may need ‘top up’ 

Pension consultant Willis Towers Watson has warned that pension schemes could be forced to top up 100,000 historic pension transfer payments following a High Court ruling.

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11,500 clients of failed wealth firm closer to refunds

Around 11,500 former clients of wealth management firm Reyker Securities have been given hope they will soon get at least some of their assets back after FSCS intervention.

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SIPP introducers to pay over £10.7m compensation

The High Court has ordered illegal pension introducers Avacade, Alexandra Associates to pay over £10.7m in compensation to consumers along with an additional £6.7m from their directors.

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