Cardiff-based financial advice firm Bartholomew Hawkins has been ordered to cease advising on defined benefit (DB) transfers by the Financial Conduct Authority (FCA).
Its entry on the FCA register said the firm must "cease all regulated activities relating to DB transfer business", effective from 22 December. The FCA confirmed to Professional Adviser the firm had...
Consumer complaints against firms for misadvised DB transfers also rising
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Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers