Quilter’s Lighthouse probed by UK markets watchdog
The investigation into Lighthouse comes after the UK Financial Conduct Authority’s ban on contingent charging
05 June 2020 - 16:08
London-listed Quilter said UK’s markets watchdog has launched a probe into its subsidiary Lighthouse Advisory Services in relation to advice to clients on transfers out of British Steel’s pension scheme.
Quilter, which is headed by Paul Feeney, confirmed the investigation into Lighthouse following the UK Financial Conduct Authority’s (FCA) ban on contingent charging on Friday. Contingent charging is when advisers only get paid if a transfer goes ahead...
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