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.

The Financial Conduct Authority has today proposed a ban on contingent charging on pension transfers and reaffirmed its view that DB transfers should be considered unsuitable unless there is a good reason to transfer.

The Financial Conduct Authority has imposed a fine of £250,000 on former Royal Bank of Scotland interest rate derivatives trader Neil Danziger and banned him from performing any regulated financial activity.

A financial adviser has been banned and fined £109,400 for “lying repeatedly to the regulator”.