FCA stops further pension adviser from disposing of assets

FCA has imposed a requirement preventing David Stock & Co Limited, a firm which advised on BSPS transfers, from disposing of assets without FCA’s permission.  FCA had noted to all relevant firms that they should not dispose of any assets and should maintain adequate financial resources. It feels that the firm could not demonstrate it had adequate resources and that therefore it is in the interests of consumers for FCA to impose the requirement.

Emma Radmore