FSA fines Kings £60,000 for financial promotions failings

The promotions were issued by an unregulated firm, Regal Partners Ltd, which acted as an introducer for Kings, and concerned pension unlocking, a process by which a consumer can release their pension assets before retirement. They took the form of TV advertisements, direct mailings and brochures. The FSA says the promotions failed to fairly and adequately describe the risks associated with pension unlocking and included misleading claims that pension unlocking amounted to making the most of a customer’s pension assets. Further, the brochures failed to include an adequate description of th...