01 · In plain English
What happened.
The FCA fined and prohibited Philip Pryke for giving unsuitable pension transfer advice, finding breaches of APER 1 and the Fitness and Propriety (FIT) rules. The regulator imposed a financial penalty of £1,377,968 and a prohibition order; the FCA's Final Notice sets out the detailed findings. The FCA register entry is dated 28 November 2024. No tribunal appeal, settlement discount or redress to customers is recorded in the register entry provided.
Summary generated from the FCA notice and press reports. Check the final notice below before relying on it.
02 · Enforcement details
What the FCA published.
On 28 November 2024, the Financial Conduct Authority fined Philip Pryke £1,377,968. This Final Notice refers to breaches of APER 1 and FIT related to the provision of unsuitable pension transfer advice in the pensions sector. We imposed a prohibition and a financial penalty. Source: the FCA's published list of 2024 fines. Notice:
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