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January 2023: Month in review with news editor Ayesha Venkataraman

There has been a raft of important news to start off the year, with top stories including the ongoing dispute between the Personal Finance Society (PFS) and the Chartered Insurance Institute (CII). ....

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FSCS declares Yorkshire-based advice firm in default

The Financial Services Compensation Scheme (FSCS) has named Aquila Financial Services in default. ....

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FSCS names three advice firms in default over pension transfers

The Financial Services Compensation Scheme (FSCS) has declared Vintage Investment Services, Broadgate Financial Management and Braemar Wealth Management NW in default with claims to all three firms linked to pension transfer advice. ....

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British Steel IFA Acklam Financial applies for liquidation

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. ....

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