Regulators
FCA fines IFM £898k for ‘poor advice’ on DB pension schemes
A review by the FCA found that 83% of IFM’s pension transfer advice failed to comply with its minimum required standards
The FCA has fined Inspirational Financial Management Ltd (IFM) £897,840 for poorly advising people to transfer out of defined benefit pension schemes, including the British Steel Pension Scheme (BSPS).
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