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The Financial Conduct Agency (FCA) has fined former Active Wealth company director, Darren Reynolds, £2,212,316 for dishonest pension transfer advice, and banned him from working in financial services.

The FCA said that Reynolds "dishonestly" advised more than 670 customers, including 150 British Steel Pension Scheme (BSPS) members, to put their money into investments that he knew were not suitable for them




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