The FCA has published a decision notice against Alistair Rae Burns, chief executive, TailorMade Independent Ltd (TMI), deciding to fine Mr Burns £233,600, and to prohibit him. Between January 2010 and January 2013, TMI provided advice to customers who were considering transferring or switching their existing pension funds via self-invested personal pensions (SIPPs) into unregulated […]

In contrast to a similar case referred to the FOS involving the same firm, the Pension Ombudsman (PO) has found in favour of Berkeley Burke in a case where the complainant claimed the firm had failed to carry out sufficient due diligence in respect of his investments into Green Oil Plantations and Harlequin Property. The PO […]

This week (W/C 23.03.2015) two individuals fined and banned for pension advice failings. Two Individuals Fined & Banned for Pensions Advice Failings Two former directors of an advisory firm have been banned from performing senior roles within the financial services industry and fined after failing to ensure their company assessed the suitability of investments made […]