Financial adviser banned for 13 years over £23m pension transfers

clock • 2 min read
Financial adviser banned for 13 years over £23m pension transfers

The UK's Insolvency Services has banned a financial adviser for 13 years after costing clients over £24m from their pension funds due to high risk unregulated investments. Darren Antony Reynolds, 51, from Willenhall, West Midlands, was the sole director of Active Wealth (UK), an independent financial advice company. A chartered financial planner, Reynolds advised hundreds of clients on the best way to invest their pension funds from December 2014 to the company's liquidation in February...

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