Six Nucleus directors have stood down from the company today as the takeover of the business by James Hay is completed creating a platform managing £47bn in funds.
The FCA is to introduce a new form for MIFID II-regulated firms requiring them to provide more detailed information on director changes.
Four directors involved in transferring £57m out of pension pots - much of it into SIPPs - have been banned for a combined 34 years following an Insolvency Service probe.
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