Today’s whopping £2.4m FCA fine imposed on a South Wales financial adviser firm shames the sector and the damage to consumer trust will be substantial. I suspect our readers will see the punished firm, Pembroke Mortgage Centre (PMC) – trading as County Financial Consultants – as operating on a different planet to them. They are quite […]
Archives for December 2022
Editor’s Comment: The BSPS lessons we must learn
Today’s whopping £2.4m FCA fine imposed on a South Wales financial adviser firm shames the sector and the damage to consumer trust will be substantial. I suspect our readers will see the punished firm, Pembroke Mortgage Centre (PMC) – trading as County Financial Consultants – as operating on a different planet to them. They are quite […]
Old Mill appoints 3 new partners in growth boost
Financial Planning and accountancy firm Old Mill has appointed three new partners following a restructure to boost career progression for staff. Chartered Financial Planners Jon Orchard FPFS and Julia Banwell, and director of tax Stephen Martin, are the latest to be promoted and increase the number of partners to 22. Mr Orchard and Ms Banwell […]
11 SJP Chartered Planners achieve Masters in Finance
Eleven Chartered Financial Planners at wealth manager St James’s Place (SJP) have celebrated receiving Master’s certificates from the University of Gloucestershire at a ceremony to mark their graduation from an MSc Finance course. The course was developed by the University and SJP to provide Financial Planners with an opportunity to achieve a postgraduate qualification. The […]
FCA fines adviser firm £2.4m for serious BSPS failings
The FCA has fined Pembrokeshire Mortgage Centre Limited (trading as County Financial Consultants) £2,354,331 for providing “woeful” and unsuitable advice to consumers to transfer out of the British Steel Pension Scheme (BSPS) and other defined benefit (DB) pension schemes. The total value of the transferred funds on which PMC gave advice was approximately £123m, with an […]
How two brothers built Robert George Flooring from the ground up
Cast your mind back to 2020. Or maybe don’t. In the UK pandemic measures were in place, the country was in lockdown, and times were even tougher than usual for small businesses and employees. For Jack and Harry Findlay, who had worked in the flooring industry for many years, the time had come to make […]
FCA to apply ‘additional scrutiny’ to appointed rep applications
FCA CEO Nikhil Rathi says the FCA will apply “additional scrutiny” to authorisation applications from appointed representatives, approved persons and payment agents. Mr Rathi has also pledged to shake up how the regulator measures the time taken for new authorisations after long backlogs became apparent this year. He confirmed additional scrutiny of selected applications in a letter this week […]
