FSA fines pension-switching services £143,500 over bad advice

FSA headquarters

UK pension-switching firms Perspective Financial Management (PFM) and Cricket Hill Financial Planning have been fined £49,000 and £70,000 respectively for providing unsuitable advice to customers.

Director of Cricket Hill Jeremy Sheard will also pay £24,500 in a fine. Mark Kelsey, who was responsible for compliance at the firm, was issued with a public censure.

The UK Financial Services Authority (FSA) says advice and sales processes at Cricket Hill had “significant problems”, alleging the firm

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: