Cardiff-based financial advice firm Bartholomew Hawkins has been ordered to cease advising on defined benefit (DB) transfers by the Financial Conduct Authority (FCA).
Its entry on the FCA register said the firm must "cease all regulated activities relating to DB transfer business", effective from 22 December. The FCA confirmed to Professional Adviser the firm had its permissions revoked because of transfer advice it has given to British Steel Pension Scheme (BSPS) members. Bartholomew Hawkins has been contacted for comment. Following the attention the BSPS scheme has brought to DB transfers, the FCA said it had undertaken "significant information gathering" in order to identify firms that have been most active in advising consumers to transfer...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
