FSA bans adviser from management role

The regulator has banned sole trader Darrell Mark Eaden, who traded as Liberty Financial Consultants in Barnsley, for failing to “exercise due skill, care and diligence” in managing the business between May 2004 and March 2005. Eaden, who also had responsibility for 41 investment advisers and five trainee advisers, “failed to maintain an appropriate level of understanding of pension transfers”, the FSA says, so could not supervise the actions of his pension transfer specialist appropriately. The FSA says its suspicions were raised after a desk-based review of client files at Liberty in ...