Pension bosses banned after abusing members' funds

Banned for a total of 34 years

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Four directors have been banned from running a company for their role in the mismanagement of almost £50m in members’ assets
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Four directors have been banned from running a company for their role in the mismanagement of almost £50m in members’ assets

Four pension trustee firm directors have been banned from running companies for a total of 34 years following an investigation by the Insolvency Service which revealed significant mismanagement of funds.

The probe found the directors connected with Transeuro Worldwide Holdings helped fund two introducer firms, Sycamore Crown and Jackson Francis, which misled clients about their expertise and experience,...

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