The FCA will introduce a general ban on authorised firms approving financial promotions from unauthorised firms without special permission, the Treasury announced today.

The Financial Conduct Authority has banned former Dickinsons Financial Management adviser Simon Varley from working in financial services and fined him £68,300 for “lacking honesty and integrity.”

The FCA has banned IFA Jon Frensham of Frensham Wealth Limited from performing any regulated activity after finding him ‘not a fit and proper person.’

The Pensions Regulator (TPR) has banned corporate trustee Audax Pension Trust and one of its directors, Edward Martin Kelly, from acting as pension scheme trustees after multiple governance failures.