Swansea-based Crescent Financial has been told to "cease all regulated activities" by the Financial Conduct Authority (FCA), Professional Adviser can reveal.
A note on the firm's financial services register entry said the adviser business "must immediately cease all regulated activities" from 31 May 2019. PA understands the firm advised members of the British Steel Pension Scheme in relation to defined benefit transfers. Echelon Wealthcare IFA Alastair Rush, who has spent time in south Wales through his work with the steelworkers, said he had previously mentioned the firm to the regulator. Crescent Financial sent a comment to Professional Adviser on 20 June. It said: "Crescent Financial is aware of no complaints against it which have...
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