Insurance Brokers

FCA Takes Action Against IFM, Individuals Agree to Make Payments

Latest news from the FCA, which is once again fining companies that have long since been placed in administration. Cold comfort for pensioners who were duped into bad schemes in the past, but anyway the […]

Insurance Brokers

FCA Bans Two Former Pensions Advisors

Latest from the FCA as the British Steel pensions saga continues; The Financial Conduct Authority (FCA) has banned Nigel Lewis and Susan Jones of West Wales Financial Services Limited (in liquidation) (WWFS) from advising customers […]

Insurance Regulation

Former Pensions Advisor Banned

Latest from the FCA on the British Steel pensions scandal; The Financial Conduct Authority (FCA) has banned Geoffrey Armin from advising customers on pension transfers and pension opt outs, and from holding any senior management […]

Insurance Brokers

Large Fines For CFP Directors Over Pension Transfer Advice

Latest case report from the FCA; The Financial Conduct Authority (FCA) has decided to fine Toni Fox £681,536 and David Price £632,594 for their roles in operating a flawed pension advice process. This risked people receiving unsuitable advice […]

Insurance Regulation

FCA Bans Paul Steel From Financial Services Sector

Latest update from the FCA; The Financial Conduct Authority (FCA) has banned Paul Steel of Estate Matters Financial Ltd (EMF) from working in financial services. He will also pay £850,000 to the Financial Services Compensation […]

News

L&G Still Loving That British Steel Pension Scheme

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a fourth and final buy-in policy with the British Steel Pension Scheme (“the Scheme”), totalling £2.7 billion, under which the […]

Insurance Regulation

FCA Censures Lighthouse Advisory Services

The Financial Conduct Authority (FCA) has censured Lighthouse Advisory Services Limited (Lighthouse) for the unsuitable advice given during the period 1 April 2015 to 30 April 2019 to people looking to transfer out of defined […]