FCA warns 'reckless' pension transfer specialist of action
- Tuesday, 09 January 2024
- Articles
![FCA sign](/media/k2/items/cache/dd4855c61219daa1bac8773538fd740b_Generic.jpg)
The FCA has issued a warning notice to a pension adviser it has branded “reckless” after they gave unsuitable advice to customers to transfer out of their DB scheme over a four year period.
Read more...FCA bans 'incompetent' £125m pension transfer adviser
- Friday, 03 November 2023
- Articles
![FCA's Therese Chambers](/media/k2/items/cache/aaaf0c04d7c5edfc09c6f0e8b5a882b2_Generic.jpg)
The Financial Conduct Authority has banned financial adviser Geoffrey Armin for "seriously incompetent" advice on £125m of pension transfers which resulted in losses for clients of nearly £4m.
Read more...Duo jailed for £20m SIPP transfer fraud
- Monday, 18 July 2022
- Articles
![Southwark Crown Court](/media/k2/items/cache/1b4c50d6c5db0d23e1a71cd2ace76df7_Generic.jpg)
Two men who masqueraded as advisers to defraud pension savers of £20m have been jailed.
Read more...Over 3 in 4 pension transfers raise red flags in April
- Tuesday, 24 May 2022
- Articles
![Mark Barlow, head of member options at XPS Pensions Group](/media/k2/items/cache/53d731f89edfef9730c82f083f59b586_Generic.jpg)
A record high 78% of pension transfers raised at least one warning sign of potential scam activity in April.
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