The UK's FCA bans and fines financial advisers Burdett and Goodchild for recklessly exposing pension holders to unsuitable investments.

The UK's Financial Conduct Authority (FCA) has banned financial advisers Stephen Joseph Burdett and James Paul Goodchild for recklessly exposing pension holders to unsuitable investments. Both individuals are also fined £311,762 and £47,600, respectively. The FCA alleges that Burdett's actions led to 232 personal pension funds being switched into high-risk investment portfolios that were unsuitable for most customers.