Scunthorpe-based IFA suspends DB transfers over British Steel

A note on the FCA register said the firm must "immediately cease all regulated activities relating to pension transfer business" effective from 6 February. Managing director Mark Abley confirmed to Professional Adviser that, after a visit from the regulator, the firm had volunteered to temporarily suspend its permissions. "We've had a discussion with the FCA, and we disagree on some things and agree on others, he said. "We've only had the high-level feedback, we've not actually had feedback on the individual cases yet, but effectively they're asking us to look at a part of our proc...