FCA bans mutual society non-exec for conflicts of interest

The FCA banned and fined Burns on the basis she did not disclose or avoid conflicts of interest during her time as a non-executive director.  Burns is chief executive of her own investment consultancy, and was non-executive director at two mutual societies - Marine and General Life Assurance Society and the Teachers Provident Society - where she served as chair of their respective investment committees. Both mutual societies sought investment manager services and looked to Burns for advice and guidance. FCA fines former non-exec director £154,000 for conflicts of interest During...