FSA fines AWD Chase de Vere Wealth Management £1.12m for mis-selling

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THE Financial Services Authority has fined AWD Chase de Vere Wealth Management £1.12m for "serious failings" in its pension transfer, pension annuity and income withdrawal business.

The watchdog found that the firm mis-sold some pension transfers and pension annuities by recommending products to customers who already had adequate existing pension provisions or whose attitude t...

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