FCA bans and fines five directors for pension advice failings

Total £1.05m in fines

Hannah Godfrey
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Five directors of advice firms have been banned and fined by the FCA for pension advice failings and misleading the regulator
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Five directors of advice firms have been banned and fined by the FCA for pension advice failings and misleading the regulator

The Financial Conduct Authority (FCA) has banned and fined five directors from three advice firms for their roles in pension transfer advice that affected some 2,000 customers.

Two of the three firms involved - Financial Page and Henderson Carter Associates - are in liquidation and have so far cost the Financial Services Compensation Scheme (FSCS) some £26.8m. The third f...

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