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Release Date: 16th May 2022

To access the original FCA document, click here.


Bank House Investment Management Limited (BHIM), now in liquidation, was fined £311,639 by the Financial Conduct Authority (FCA) on 16 May 2022. The penalty was imposed due to breaches of regulatory requirements between 9 September 2014 and 12 December 2016. BHIM was found to have acted dishonestly and recklessly in relation to its pension advice business and carried out regulated activities without the necessary permissions.

Key Takeaways for Other Firms:

Summary of Findings:

In conclusion, the FCA’s action against BHIM highlights the critical importance of acting with integrity, maintaining proper authorisations, conducting thorough due diligence, and ensuring effective oversight of all business activities. Firms must prioritise transparency and full disclosure to protect customers and comply with regulatory standards.

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