FCA orders Cardiff IFA to stop DB transfers over steelworker pensions

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...