Corporate finance and adviser firm Alexander David Securities Limited (ADSL) has been found responsible in relation to more than £874,000-worth of unsuitable pension transfers in 26 separate and public decision notices published by the Financial Ombudsman Service.
All of the 26 transfers took place throughout 2016, with the firm's appointed representative St Pauls Marketing Limited carrying out an extensive cold calling campaign during that time. Professional Adviser has previously reported on this firm, but the extent of this activity has since become clear as more decision notices have been published. In addition, Alexander David Securities Limited CEO David Scott has now been revealed as a director of St Pauls Marketing Limited during the period in question. The 26 decision notices from the Financial Ombudsman detailed how staff at St Pau...
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