FCA fines adviser £1.4m over unsuitable DB pension transfers

Philip Pryke exposed clients to ‘significant’ risk of financial detriment

Isabel Baxter
clock • 2 min read
FCA fines adviser £1.4m over unsuitable DB pension transfers

The Financial Conduct Authority (FCA) has banned and fined financial adviser Philip Pryke almost £1.4m over unsuitable defined benefit (DB) pension transfers.

In a final decision notice published yesterday (28 November), the regulator has taken this action after he "failed to act with integrity" and clients were exposed to a "significant risk of financia...

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