Judge refuses adviser attempts to lift lifetime ban

Jonathan Townrow was banned in 2006 from performing any function in relation to regulated activity on the grounds that he was not fit and proper because of his lack of integrity, and that he presented a "severe risk to customers". The FSA found that he failed to treat customers fairly in his handling of the Pensions Review, describing his firm JMTA's approach as "a shambles". Townrow failed to investigate properly the quality of the pensions advice his clients received, according to the FSA, and then failed to pay compensation due to clients despite having received payments from his p...