FCA revokes IFA's permissions after failure to provide information

In a decision notice published yesterday (13 September), the regulator revoked the Leeds-based advice firm's 4A permission, which means it no longer has permission to carry out any regulated activities. The firm was authorised by the FCA in December 2001 and had a 4A permission to advise on: investments (except on pension transfers and pension opt outs); mortgage contracts; pension transfers and pension opt outs; and P2P agreements. However, GFS failed to provide information to the FCA required by the handbook, in particular the information it is required to provide in the returns and...