A former Park Row adviser has decided to leave the IFA sector because he is fed up with waiting for the FSA to re-authorise him.
Adrian Owen was a Luton-based adviser at Park Row Associates until 13 November 2009, when the firm was declared insolvent and advisers had their permissions revoked. Dozens of IFAs were forced to re-apply for authorisation elsewhere and Owen opted to join Personal Touch Financial Services (PTFS) as an appointed representative with Fife-based Independent One2One. But advisers say they are being held in limbo while the regulator investigates pension switching advice failings at the national IFA. After being unable to advise clients for 10 months, Owen says he has now withdrawn his ap...
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