Banned Harlequin SIPP adviser selling £2.5m home as FCA fine looms

£60,000 fine

Hannah Godfrey
clock • 2 min read

Former TailorMade CEO Alistair Burns, who has been fined and banned by the FCA, is in the process of selling his five-bedroom country home for an asking price of £2.5m.

The house is located just outside of Manchester in Alderley Edge and boasts five bedrooms, four bathrooms, a gymnasium, electric gates to enter the property and 1.29 acres of landscaped garden. Pictures and more details of the house can be found here. The Financial Conduct Authority (FCA) formalised Burns' regulatory ban last week. It first tried to ban Burns back in 2016, but Burns pushed back and took his case to the Upper Tribunal.  The FCA initially imposed a £233,600 fine on the former advice firm CEO, which was later reduced to £60,000 as a result of the Tribunal, which backe...

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 Your profession

Phillip Wickenden: Neurodiversity and the bumpy ride to inclusivity

Phillip Wickenden: Neurodiversity and the bumpy ride to inclusivity

Neurodiversity Celebration Week runs from 18 - 24 March

Phillip Wickenden
clock 18 March 2024 • 6 min read
FCA to review firms' treatment of vulnerable clients

FCA to review firms' treatment of vulnerable clients

The regulator will share its findings by end of the year

Sahar Nazir
clock 18 March 2024 • 1 min read
Concerns clients seek financial reassurance over financial advice

Concerns clients seek financial reassurance over financial advice

'AI can provide clients reassurance just as much as humans can’

Sahar Nazir
clock 15 March 2024 • 2 min read