Advice firm named in default over raft of pension transfer cases

Ayesha Venkataraman
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has declared Glasgow-based financial advice firm Cowley & Miller Independent Financial Services in default. The firm's pension transfers became subject to pre-sale review on 10 April 2018, with the Financial Conduct Authority (FCA) stating that it must refrain from advising on any new or existing pension transfers of defined benefit (DB) or safeguarded benefits for clients unless reviewed by an independent and suitably qualified third party, according to the FCA register. On 21 June 2021, the FCA restricted the firm from disposing of i...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?