The Financial Conduct Authority (FCA) has banned Keith Dickinson and Andrew Allen for British Steel Pension Scheme (BSPS) advice failings with £155,000 to be paid in compensation.
The regulator revealed today (13 September) that Dickinson will pay £70,000 and Allen £85,606 to the Financial Services Compensation Scheme (FSCS) in compensation for customers. Dickinson and Allen both worked for now liquidated firm Mansion Park. Between June 2015 and December 2017 Dickinson provided pension transfer advice which Allen signed off that the FCA deemed unsuitable. The FSCS has paid nearly £3m in compensation so far to Mansion Park customers, including more than £2m for advice provided by Dickinson. The FCA confirmed that 400 Mansion Park customers were advised to...
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