Network chief banned over supervision of ARs

According to the regulator, Steven Moorley's poor directorship of Premier Network Group, which went into administration in May, meant it was unaware some ARs had been removed from lender panels for submitting false applications. Moorley, who has avoided a £30,000 penalty because it threatened his solvency status, has been told he can no longer perform the functions of chief executive and ‘apportionment and oversight'. Premier announced in January it was no longer accepting new business from its ARs and, four months later, applied for insolvency. A proposed deal which would have seen d...