The Financial Services Authority has issued a public censure of City Gate Money Managers and banned its director and compliance officer Stewart Wallace Domke over pension transfer business.
The company advised on pension transfer and income drawdown business when it did not have permission to do so, and produced a financial promotion that did not comply with FSA rules, among other failings....
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.