Former Honister adviser jailed for £380k fraud

clock

A former Honister adviser has been jailed for two years and nine months for swindling clients out of £380,000.

Angus McClymont was sentenced at Winchester Crown Court on Monday after pleading guilty to 14 counts of fraud by abuse of position between April 2008 and October 2011. The Salisbury-based adviser's victims were mainly of retirement age and came from came from across Wiltshire, Somerset, Dorset, Sussex and Cornwall, the Salisbury Journal reports. The 40-year-old's defence claimed he had been going through difficulties in his marriage and that his baby son had been suffering health problems, meaning his living expenses were exceeding his income. Sentencing McClymont, recorder Andrew ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read
FCA sets out plans to simplify complaints regime

FCA sets out plans to simplify complaints regime

Including requirement for firms to report complaints involving vulnerable clients

Isabel Baxter
clock 04 December 2025 • 2 min read
FCA looks to boost transparency of ESG ratings providers

FCA looks to boost transparency of ESG ratings providers

Regulator opens consultation

Michael Nelson
clock 01 December 2025 • 2 min read