FinesFSMA
Andrew John Deeney
Individual28 September 2023Fine · £397,400
01 · In plain English
What happened.
The FCA's final notice (published 28 September 2023) found that Andrew John Deeney gave unsuitable advice to clients about transferring defined benefit (DB) pension benefits. The regulator concluded he breached APER 1 (which requires approved persons to act with integrity) and imposed a financial penalty and a prohibition on him. The financial penalty recorded was £397,400 and the prohibition prevents him from performing regulated activities as set out in the notice.
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 September 2023, the Financial Conduct Authority fined Andrew John Deeney £397,400. This Final Notice refers to breaches of APER 1 related to the provision of unsuitable defined benefit pension transfer advice in the pensions and investments sector. We imposed a financial penalty and prohibition. Source: the FCA's published list of 2023 fines. Notice:
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