East Sussex advice firm Albany Financial Consultants has had its Part 4A permissions revoked by the Financial Conduct Authority (FCA).
The regulator issued a notice of decision detailing the Hove firm's fate yesterday (31 August) which comes eight years after it was first authorised. According to the notice, the firm's permissions previously covered investment, pension, and mortgage advice. It was founded in 2004. Companies House shows the firm's accounts are overdue, with its last accounts recorded made up to December 2020. Albany Financial Consultants was also issued a first gazette notice for compulsory strike-off at the end of February, with the action later suspended on 10 March.