FSA bans two Freedom SIPP directors

This follows The Pensions Regulator's (TPR) order in August 2009 to prohibit them from acting as trustees of trust schemes in general. Quarrell and Beaumont were directors of the Freedom SIPP, self-invested personal pension scheme operator. The FSA found that Quarrell and Beaumont are unfit to work in the financial services industry because TPR determined in 2009 that they were not fit and proper persons to be trustees of trust schemes. Quarrell and Beaumont referred both TPR and FSA's decisions to the Upper Tribunal. The tribunal decided to strike out Quarrell and Beaumont's re...