FSA asks Honister IFAs to detail pension transfer history

It has sent advisers applying for re-authorisation - either as an appointed representative (AR) of another company or as a directly authorised (DA) individual - letters asking for the information. Earlier this month, advisory group Honister entered administration after failing to secure adequate professional indemnity insurance (PII) for its member firms. The move has affected more than 300 businesses and about 900 advisers. The FSA letter requests information about the adviser's exposure to Arch Cru and/or Keydata, as well as about any sales of unregulated collective investment sc...