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Quilter-owned advice firm censured following £23 million redress

News Team, 15/05/2023

The Financial Conduct Authority (FCA) has censured Quilter Financial Planning-owned Lighthouse Advisory Services for “serious failings” relating to advice given to people looking to transfer out of defined benefit pension schemes.

From 1 April 2015 to 30 April 2019, Lighthouse advised 1,567 customers.

Quilter acquired Lighthouse in June 2019...


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