FCA starts High Court action over DB transfer advice failings
Against Paul Steel and Jacqueline Foster
The Financial Conduct Authority (FCA) has started High Court proceedings against Paul Steel and Jacqueline Foster, directors of a failed advice firm, over alleged unsuitable defined benefit (DB) transfers.
The pair were directors of Estate Matters Financial (EMF), which is in liquidation. The FCA said as part of the proceedings, an interim injunction has been secured which freezes the assets of Steel and...
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