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

FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read
FCA sets out plans to simplify complaints regime

FCA sets out plans to simplify complaints regime

Including requirement for firms to report complaints involving vulnerable clients

Isabel Baxter
clock 04 December 2025 • 2 min read
FCA looks to boost transparency of ESG ratings providers

FCA looks to boost transparency of ESG ratings providers

Regulator opens consultation

Michael Nelson
clock 01 December 2025 • 2 min read