Finance
Tribunal backs FCA ban on two advisers for misleading pension holders
Published by Global Banking & Finance Review®
Posted on February 18, 2026
1 min readLast updated: February 18, 2026
Quick Summary
The FCA Tribunal upheld a ban on two advisers for exposing pension holders to high-risk investments, imposing fines totaling £312,671.
FCA's Tribunal Upholds Ban on Two Advisers for Pension Misconduct
FCA's Decision and Implications
Feb 18 (Reuters) - Britain's financial watchdog on Wednesday said the Upper Tribunal has upheld its decision to ban two senior financial advisers and impose penalties after finding they recklessly exposed pension holders to unsuitable high-risk investments.
Details of the Ban
Stephen Burdett and James Goodchild, who previously held senior roles at Synergy Wealth and Westbury Private Clients, respectively, will be fined a combined 312,671 pounds ($424,544.68), the Financial Conduct Authority said.
Financial Penalties Imposed
($1 = 0.7365 pounds)
(Reporting by Ankita Bora in Bengaluru)
Key Takeaways
- •The FCA Tribunal upheld a ban on two advisers.
- •Advisers exposed pension holders to high-risk investments.
- •Stephen Burdett and James Goodchild are fined £312,671.
- •The decision impacts Synergy Wealth and Westbury Private Clients.
- •The ruling emphasizes regulatory enforcement in finance.
Frequently Asked Questions about Tribunal backs FCA ban on two advisers for misleading pension holders
1What is the Financial Conduct Authority (FCA)?
The Financial Conduct Authority (FCA) is a regulatory body in the UK responsible for overseeing financial markets and protecting consumers. It ensures that financial firms operate fairly and transparently.
2What are financial penalties?
Financial penalties are monetary fines imposed by regulatory authorities on individuals or organizations for violating laws or regulations. These penalties aim to deter misconduct and promote compliance.
3What is a pension?
A pension is a retirement plan that provides a regular income to individuals after they retire. It is typically funded through contributions made during their working life.
4What are high-risk investments?
High-risk investments are financial assets that have a significant potential for loss, but also offer the possibility of high returns. They often include stocks, commodities, and certain types of bonds.
