On 2 August 2017, the adjudication panel considered allegations of misconduct against Ms Ana de la Quintana. The allegations related to a pension transfer suitability report.
On 2 August 2017, the adjudication panel considered allegations of misconduct against Ms Ana de la Quintana. The allegations related to a pension transfer suitability report.
The panel found that the report did not meet all the requirements of Chapter 19 of the Financial Conduct Authority (FCA) Sourcebook. It took account of the importance of the public being able to have confidence in the work of members of the IFoA and saw meeting the requirements of the FCA as an integral part of this.
The panel determined that there had been a breach of principles 2 (competence and care), 4 (compliance) and 5 (communication) of the Actuaries' Code in relation to allegation 1.
The panel did not find misconduct for the remaining two allegations.
The following sanctions were imposed: a reprimand and a fine of £3,500.
A copy of the panel's full determination, including the reasons for its decision, is available at bit.ly/2dRPsBW
