In the latest action against a firm for providing unsuitable advice to former members of the British Steel Pension Scheme (BSPS), the FCA has censured Lighthouse Advisory Services Limited (Lighthouse). The firm has since been taken over and, by the end of April, had paid out some £23.17m ($29m) in
Adviser censured over incorrect advice to British Steel pensioners
More than half the advice given by Lighthouse Advisory Services Limited found to be wrong.