RegActions records a disclosed FCA monetary penalty of £3,694,400 dated 4 Jul 2023 for Paul Steel.
Case facts
| Firm or individual | Paul Steel |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 4 Jul 2023 |
| Penalty | £3,694,400 |
| RegActions breach classification | MIS_SELLING |
| Public case ID | a41758a0-1e01-4233-b0ad-87a563539963 |
Case summary
This Final Notice refers to breaches of APER 1, 2 and 4, and COCON 1 and 3 related to the provision of unsuitable defined benefit pension transfer advice in the pensions sector. We imposed a financial penalty and a prohibition.
Official evidence
This page meets the public case-page evidence threshold.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.