Five directors banned and fined for causing losses to pension customers

The UK's Financial Conduct Authority has prohibited five directors of financial advice firms from working in financial services and fined them over £1m, after they caused significant losses to pension customers. In a statement on 9 May, the regulator said the decisions follow an extensive 300-page judgement issued by the Upper Tribunal in which the five directors unsuccessfully challenged the FCA's decisions. The Tribunal found Andrew Page, Thomas Ward, Aiden Henderson, Robert Ward and Tristan Freer had failed to act with integrity having either acted dishonestly or recklessly. Eac...