Trustee companies wound up after collecting £3.5m fees from unauthorised investments

James Phillips
clock • 3 min read

The Insolvency Service has shut down two trustee companies after an investigation found they had failed to seek independent investment advice, comply with their own governance statements, and adhere to regulation.

The two companies, Gleeson Bessent Trustee Services and Gleeson Bessent Trustees, approved investments and offered them to the general public through an introducer and sub-introducer network. Me...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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