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FCA week in review March 11 – 15, 2024

FCA montage
GRIP Montage: FCA

A major speech outlining FCA strategy stands out in the latest roundup of FCA work.

Enforcement

In the latest case connected to the British Steel Pension Scheme, Inspirational Financial Management, now in administration, has been fined £897,840 ($1,146,082). The FCA found 83% of the pension transfer advice the firm gave failed to comply with minimum standards.

Silverbird Global Limited (SGL) has entered special administration under the Payment and