IFA banned after pension transfer failings

Eaden traded as Liberty Financial Consultants - which has now ceased trading - and specialised in investments and mortgages. The FSA found that he had failed to monitor effectively his pension transfer specialist. The regulator found that, between May 2004 and March 2005, Eaden did not exercise due skill, care and diligence in managing the business of Liberty. In particular, he failed to maintain an appropriate level of understanding of pension transfers and to adequately supervise and monitor the firm's pension transfer specialist. Secondly, he did not take reasonable steps to ensure ...