FSA fines IFA for rogue advertising

The FSA has fined an independent financial adviser firm 60,000 for misleading financial promotions – meaning it’s ready to crack down on rogue mortgage advertising, too.

The promotions were issued by an unregulated firm, Regal Partners, which acted as an introducer for Maidstone-based IFA Kings, and concerned pension unlocking. They took the form of TV adverts, direct mailings and brochures.