Lighthouse
Quilter subsidiary escapes fine over DB pension transfer advice
Following an investigation by the UK financial watchdog
Quilter sells Lighthouse advice arm
Acquirer wants to make deals ‘at a sensible and sustainable pace’
Quilter DB legacy issue compensation pot hits £35m
H1 2021 results bolstered by international arm which is expected to be sold on 31 December
Quilter doubles DB legacy contingency fund to £24m
As the firm moves from ‘significant advice business acquisitions’ to focus on organic growth
7 advice firms hit with FCA skilled-person reviews since 2017
They had to collectively fork out over £300,000 to pay for the investigations