FCA tries to ban IFA convicted of grooming

Decision referred to Tribunal

Sophie King
clock • 1 min read

The Financial Conduct Authority (FCA) has served a provisional notice to Frensham Wealth director and IFA Jon Frensham after he was convicted for grooming.

The FCA said that Frensham, formerly known as Jonathan James Hunt, is not a fit and proper person and has subsequently attempted to withdraw his approval to perform his current senior management functions. In March 2017, Frensham was convicted of attempting to meet a child following sexual grooming, an offence he committed while he was an approved person. Following the conviction, Frensham was sentenced to 22 months in prison, suspended for 18 months. The IFA is the sole director at Frensham Wealth Limited. Frensham has referred the decision notice to the the Tribunal where he and ...

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

FOS partially upholds complaint against SJP for failing to provide annual reviews

FOS partially upholds complaint against SJP for failing to provide annual reviews

SJP failed to provide five annual reviews for client

Sophia Panayi
clock 23 September 2026 • 3 min read
FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

Regulator's Kate Tuckley gives update

Isabel Baxter
clock 08 September 2026 • 3 min read
DB transfer adviser hit with provisional FCA ban and £742,700 fine

DB transfer adviser hit with provisional FCA ban and £742,700 fine

Daniel Thomas advised 53 clients, including four British Steel scheme members

Sophia Panayi
clock 03 September 2026 • 2 min read