The Financial Conduct Authority (FCA) has decided to ban Daniel Thomas from working in financial services and fine him £742,700. This follows findings that he recklessly provided defined benefit pension transfer advice without being qualified or authorized to do so. Thomas has referred the Decision Notice to the Upper Tribunal, meaning the findings are provisional and the FCA will not take action until the Tribunal reaches its decision. Over five years, Thomas advised 53 clients on 63 pension transfers, earning over £173,000 in fees, and is accused of misleading clients, destroying records, and failing to cooperate with the FCA's investigation.