FCA: Two unregulated introducers linked to £86m in pension transfers

According to the regulator, the two introducers transferred "at least" £86m from more than 2,000 consumers. The FCA commenced civil proceedings against the firms back in November last year, when it alleged they made misleading statements, carried out regulated activities in the UK without FCA authorisation, and made financial promotions without the required authorisation. The firms provided a pension report service, marketed at summarising a consumer's pension information and retirement objective to help them decide what to do with their retirement assets. However, the FCA said it ...