British Steel adviser seeks to cancel all regulatory permissions

On 13 December 2017, the firm voluntarily suspended its defined benefit (DB) pension transfer permissions as a result of advising British Steel workers on transferring their pensions. Now a note on the Financial Services Register under the firm's entry shows that, on 22 May 2018, it applied to cancel its regulatory authorisation. According to the FCA, before applying to cancel authorisations, a firm is expected to have stopped carrying out regulated activities or be planning to stop carrying out regulated activities within six months of the application. A firm should have also: told ...