FCA forwards 950 more DB pension advice customers onto FSCS

Total 3,591 this year

clock • 1 min read
The FCA has also published a full list of firms who are in insolvent liquidation and have given unsuitable advice to some customers.
Image:

The FCA has also published a full list of firms who are in insolvent liquidation and have given unsuitable advice to some customers.

The FCA has written to a further 950 defined benefit (DB) pension transfer advice customers who could be entitled to compensation from the Financial Services Compensation Scheme, taking the total this year to 3,591.

The FCA said letters have been sent to customers of firms in liquidation where past business reviews have identified unsuitable advice was given to some customers. The letters explained to clients...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation