Ex-SJP and Tenet adviser refused regulatory permissions by FCA

This comes after his firm - Ashraf Wealth Management Limited (AWML) - applied for Part 4A permissions in April 2022. This included to carry on the regulated activities of advising on investments (including ex pension transfers/opt outs); advising on pension transfers/opt outs; making arrangements with a view to, and arranging deals in, investments; debt-counselling; and agreeing to carry on a regulated activity. However, the FCA issued AWML with a decision notice on 14 March 2023 notifying the Reading-based firm that it had refused the application as it was not satisfied that AWML wou...