FCA issues fines over unsuitable pension advice

May 10, 2019

The Financial Conduct Authority has published Decision Notices against three firms and five individuals for “acting without integrity” in relation to their pension advice business and for misleading the regulator. The three firms include Financial Page Ltd and Henderson Carter Associates – which are now in liquidation – and Bank House Investment Management which the FCA has fined over £311,000. The regulator said that the he three firms had “little meaningful oversight and involvement” in the advice provided to customers.

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