FSA fines London IFA £24,500

The Financial Services Authority today fined:

"Robin Bradford (Life and Pension Consultants) Ltd (Robin Bradford), a London based IFA firm, £24,500 for exposing customers to unacceptable levels of risk of receiving poor pension switching advice..."

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Only 8% of Britons regularly consult an IFA

Research from SHIP (Safe Home Income Plans) reveals that:

"Only 8% of Britons regularly seek financial advice from an IFA when it comes to planning their retirement finances..."

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FSA fines IFA director £49,000

The Financial Services Authority has fined Charles Palmer, director of Gloucestershire based IFA network, Financial Ltd, £49,000 for:

"Management failings resulting in poor compliance monitoring on pension switching advice during a period of rapid expansion..."

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FSA censures Park Row, announces redress of up to £7.8m and fines former CEO

The Financial Services Authority have today:

"publicly censured Park Row Associates Limited (Park Row), a national IFA network, for failing to ensure its sales were suitable and secured customer redress estimated at between £5m and £7.8m..."

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