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IFA struck off for not paying an FOS award

The FSA has struck off Northern Ireland IFA Brian McGee, trading as Brian McGee Inv- estments and Pensions, after he failed to comply with a Financial Ombudsman Serv- ice award.

On June 3, 2008, the FOS found in favour of a comp-lainant but McGee refused to pay the award despite rep-eated requests by the FOS and the FSA.

The regulator has cancelled McGee’s permission to carry on regulated activities.

In its final notice, the FSA says: “You did not pay due regard to the interests of your customer or treat her fairly.”

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