The man branded the 'mastermind' behind a £13.7m pension scam has been banned from being a trustee of pension schemes and a company director.

The FCA has imposed a reduced fine of £60,000 on Alistair Rae Burns and made an order banning him from performing any senior management function in financial services.

The Government has been attacked today for delaying the long-awaited ban on pension cold-calling until at least the autumn.

The Financial Reporting Council has fined and banned a former finance director of RSM Tenon Group for five years after he admitted multiple counts of misconduct.