FT Adviser writes (25/08/2021)
The FCA has said that DAC Pensions " failed to carry out adequate due diligence checks on two EEA introducer firms prior to accepting business from them. "
DAC Pensions has apparently accepted pensions business fom introducers - even though it lacked the proper permissions to give advice
The Financial Conduct Authority has ordered a Sipp provider to inform its clients that it accepted business from unauthorised introducers without proper vetting and would now be placed in insolvency.
FT Adviser 25/08/2021)
DAC Pensions Complaints is covered by the Financial Services Compensation Scheme (FSCS). The FSCS protects consumers when authorised firms fail and can pay compensation of up to £85,000., to eligible clients.
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