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Firm fined £182k over pension unlocking

The FSA has fined Braemar Financial Planning £182,000 for systemic failings in its sales processes for pension unlocking. It found that between November 2002 and November 2005, Braemar persistently failed to collect sufficient information about their customers before making recommendations and failed to explain all the alternative options.


Shop aholics

Money Marketing saw PR firm Lansons at perhaps its quietest as it was taken on a grand tour of its very colourful offices. We were informed it was because they were all told “to be on best behaviour”. MM was shown the firm’s stunning meeting rooms, The Mezzanine (“Where all the thinking gets done”, although […]

Ex-Bankhall duo set up Alliance with threesixty

Former Bankhall pair Mike Buckley and Gordon Covell’s new mortgage support ser-vices company Active Lending Solutions has signed an alliance with Bankhall rival three-sixty, with the aim of taking on Bankhall’s Premier Mortgage Service. Active will provide three-sixty’s members with access to its mortgage club, lending and packaging while the IFA support services firm will […]

Mystery shocker

Advice: Compliance consultant Adam Samuel says the FSA’s mystery-shopping results underline the fundamental importance of asking the full range of questions for a fact-find and carefully considering the answers to fit the pieces together to make an accurate assessment of understanding clients’ attitudes to risk before giving investment advice


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