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UK regulator orders Holborn Assets to halt transfer work

• Review of all pension transfer business must verify that a robust and compliant advisory process is in place

• Chief operating officer Simon Parker vows to work with the regulator as firm engages independent auditors

The UK Financial Conduct Authority (FCA) has ordered Holborn Assets to immediately cease all pensions transfer business as the watchdog clamps down on referrals from domestic and overseas advisers.

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