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 releases further details on bereavement processes review

FCA releases further details on bereavement processes review

Review to focus on platforms, advisers and wealth managers

Sophia Panayi
clock 13 May 2026 • 2 min read
Adviser fined £755,000 and banned from financial services

Adviser fined £755,000 and banned from financial services

Put customers at risk ‘for personal financial gain’

Sophia Panayi
clock 12 May 2026 • 2 min read
Three arrested in FCA crackdown on suspected illegal financial promotions

Three arrested in FCA crackdown on suspected illegal financial promotions

Properties searched

Michael Nelson
clock 05 May 2026 • 1 min read