Advice firms Pembrokeshire Mortgage and Mansion Park have been named alongside Active Wealth as firms that have had their pension transfer permissions suspended in the wake of the British Steel Pension Scheme (BSPS) closure.
Financial Conduct Authority (FCA) director of supervision Megan Butler revealed the names during this morning's Work and Pensions Committee hearing. FCA register entries for both Pembrokeshire Mortgage and Mansion Park confirm they have been ordered to "immediately cease all regulated activities relating to pension transfer business". A Mansion Park spokesman confirmed it had a recent visit from the regulator "Following this meeting we voluntarily resigned our defined benefit permissions (effective from 12 December 2017) whilst we await the FCA written feedback," it said in a state...
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