The Financial Conduct Authority (FCA) has prohibited five directors of financial advice firms from working in financial services, fining them over £1 million. The actions come as the individuals caused significant losses to pension customers.
The decisions follow a 300-page judgement issued by the Upper Tribunal in which the five directors unsuccessfully challenged the UK regulator's actions.
The Tribunal found Andrew Page, Thomas Ward, Aiden Henderson, Robert Ward, and Tristan Fr...