This week (W/C 23.03.2015) two individuals fined and banned for pension advice failings.
Two Individuals Fined & Banned for Pensions Advice Failings
- Two former directors of an advisory firm have been banned from performing senior roles within the financial services industry and fined after failing to ensure their company assessed the suitability of investments made through its customers SIPPS, failed to effectively manage conflicts of interest and failed to adequately manage the firm’s compliance function.
- The firm advised clients to transfer their existing pensions into unregulated investments such as biofuels, farmland and overseas property, many of which were not permitted by the existing schemes.
All the details can be found here
Loading...