FCA Bans Two Directors For Deceiving Pensions Providers

Law360, London (October 12, 2020, 11:36 AM BST) -- The finance watchdog said on Monday that it has banned two directors from working in the financial services sector after they were caught giving fake information about customers to a pensions provider.

The Financial Conduct Authority said it has banned Peter Howson and John Butterfield from performing any regulated activity in the finance sector. The former directors of the now-defunct Vanguard Wealth Management Ltd. were caught handing over false information to a provider of self-invested personal pensions, known as SIPPs.

"Both advisers knew, or should have known, that what they were doing lacked integrity and betrayed the high standards expected by the...

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