Mansion Park, a firm associated with the British Steel pension scheme saga, has become the second adviser firm involved in the episode to regain its pension transfer permissions after almost a year of restrictions.
The Financial Services Register entry for the firm has changed to show no evidence of restrictions on the firm, whereas it had previously stated the firm must "cease all regulated activities relating to pension transfer business". At a Work and Pensions Committee hearing in December, Financial Conduct Authority (FCA) director of supervision Megan Butler revealed the firm had had its permissions suspended in the wake of the British Steel saga. A statement issued by the firm at the time said it planned to implement any procedural changes recommended by the FCA to "further improve the i...
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