Regulation

Wellington Court Financial Services cannot carry out regulated activity

Cancellation of Part 4A permissions enacted with immediate affect

Consultancy says attention on pensions is better spent elsewhere

‘Financial promotions must be fair, clear and not misleading’

The firms’ director may have taken around £2m from clients

FCA said intervention will ensure responsible firms meet cost of redress

FOS has upheld 184 investment and pensions claims against the firm

‘Wholly unacceptable and constitutes serious malpractice’

‘We recognise that some firms need to make significant changes’

Two out of three failed firms linked to British Steel transfers