Pensions adviser drops Upper Tribunal appeal and agrees £200k FSCS payment

A pensions adviser is to pay £200,000 to the Financial Services Compensation Scheme in lieu of an FCAfine of nearly £1.5 million that he can no longer afford to meet.

By Neasa MacErlean

Geoffrey Armin is also now banned from holding senior management positions in regulated firms and cannot advise on pension transfers and opt-outs.