FSCS finds adviser in default over pension transfers
Mark Peter Houlbrook in default over one claim
Mark Peter Houlbrook in default over one claim
The firm has collaborated with The Pension Lab
Almost a year since ‘lacklustre’ review of regulations
Firm operated a contingent charging model
The firm is in liquidation
Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.
With the FSCS paying over £19m to former customers
With the FSCS receiving claims relating to the British Steel Pension Scheme
They have referred the FCA decision notices to the Upper Tribunal
As FCA updates guidance on how to support vulnerable clients when providing pension transfer advice
As 95% of cases reviewed in June raised at least one scam warning flag
‘We must fight against what has become an accepted notion in the industry’