01 · In plain English
What happened.
The FCA’s Final Notice (26 June 2023) says Mark Antony Abley gave unsuitable defined‑benefit pension transfer advice and breached APER 2 (the requirement to act with due skill, care and diligence). The regulator imposed a financial penalty of £106,100 and a partial prohibition restricting his regulated activity. The action relates to failings in pensions transfer advice under the APER regime; the Final Notice sets out the FCA’s findings and sanctions.
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA published.
On 26 June 2023, the Financial Conduct Authority fined Mark Antony Abley £106,100. This Final Notice refers to breaches of APER 2 related to the provision of unsuitable defined benefit pension transfer advice in the pensions sector. We imposed a financial penalty and a partial prohibition. Source: the FCA's published list of 2023 fines.
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