FCA fines / 2022 / Five individuals
Five individuals FCA fine
RegActions records a disclosed FCA monetary penalty of £1,000,000 dated 9 May 2022 for Five individuals.
Case facts
| Firm or individual | Five individuals |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 9 May 2022 |
| Penalty | £1,000,000 |
| RegActions breach classification | Pensions advice and transfers |
| Public case ID | 892dcbfd-76f5-42fa-84ee-2469872eeab7 |
Case summary
Five individuals banned and fined for causing losses to pension customers Last updated: 09/05/2022 The FCA has prohibited five directors of financial advice firms from working in financial services and fined them over £1 million, after they caused significant losses to pension customers. The decisions follow an extensive 300-page judgement issued by the Upper Tribunal in which the five directors unsuccessfully challenged the FCA’s decisions.
Official evidence
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.