FCA bans two individuals for incompetent British Steel advice ftadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ftadviser.com Daily Mail and Mail on Sunday newspapers.
3
rd February 2021 1:20 pm
Acklam Financial Ltd, one of 10 initial British Steel that firms stopped giving pension transfer advice has applied for liquidation.
An update on Companies House shows the firm has applied to be struck off.
The FCA register also shows Acklam Financial applied to cancel its authorisation on 24 January.
It is the latest IFA involved in the British Steel pensions saga to head for the exit as fallout from the scandal continues.
They urged the FCA to take action on compensation for those conned out of their pensions, as well as take a tougher line on the role of unregulated introducers.