UPDATED: Pension introducer eyes Supreme Court bid
After Court of Appeal finds in favour of the FCA
After Court of Appeal finds in favour of the FCA
Legal challenge focuses on relationship between IFAs and unregulated introducers
Firm’s lawyer ‘surprised that the FCA chose not to include regulated Sipp providers and IFAs’ in the claim
IFAs and Sipp providers are the ones who have ‘a case to answer’, firm claims
As FCA wins high court case against the two companies
Defendants had already petitioned for him to be replaced due to fairness and impartiality concerns
At least 2,000 people parted with £91.8m of their retirement savings
Four firms and four individuals investigated over pension transfers
Cold-calling introducers encouraged clients to transfer £57m – mainly into storage unit investments
Failure by advisers and other financial services firms to carry out thorough due diligence on introducers and appointed representatives could put customers at risk of financial harm, the Financial Conduct Authority has warned.