RegActions records a disclosed FCA monetary penalty of £91,693 dated 30 Aug 2024 for Alec John Cuthbert.
Case facts
| Firm or individual | Alec John Cuthbert |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 30 Aug 2024 |
| Penalty | £91,693 |
| RegActions breach classification | MIS_SELLING |
| Public case ID | 513374bb-920e-4698-9441-d83d7fd98ac5 |
Case summary
This Final Notice refers to a breach of APER Statement of Principle 1 and lack of fitness and propriety related to the reckless design and operation of a pension transfer advice model in the pensions sector. We imposed a prohibition and a financial penalty of £91,693.
Official evidence
This page meets the public case-page evidence threshold.
Continue your research
- Search the complete FCA fines database
- View FCA actions from 2024
- Compare enforcement actions in 2024
- Read the enforcement data methodology
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.