Tribunal upholds FCA ban on pension advice pair

The Tribunal agreed that both acted dishonestly by providing a backdated appointed representative agreement to the FCA.  The Tribunal found that Dunne falsely claimed she had given advice to some pension schemes before she had done so. Also, that she had failed to take proper care when giving pension transfer advice. Meanwhile Fenech failed to properly oversee her work. Dunne advised about 92% of her clients to move out of defined benefit pension schemes between April 2015 and June 2017. This led to more than £126m being transferred, including when it was not in clients' best interest...