Insolvency Service disqualifies four directors following trustee firm probe

Victoria Tichá
clock • 1 min read

Four directors of two trustee firms have been banned from running companies for a total of 21 years following an investigation by the Insolvency Service.

Gleeson Bessent Trustee Services (GBTS) and Gleeson Bessent Trustees (GBT) were shut down in the public interest last year, after an investigation found they had failed to seek independent investme...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Growth in DC pots likely to lead to increased fraud risk, pensions minister says

Growth in DC pots likely to lead to increased fraud risk, pensions minister says

Torsten Bell says expanding DC pots will attract increased attention from fraudsters

Martin Richmond
clock 10 June 2026 • 2 min read
Industry praises consultation on DB surplus release

Industry praises consultation on DB surplus release

Sector welcomes the additional clarity but warns ‘the devil will be in the detail’

Holly Roach
clock 10 June 2026 • 10 min read
Industry backs revised transfer regs but calls for 'clear and practical' guidance

Industry backs revised transfer regs but calls for 'clear and practical' guidance

Industry welcomes key changes to traffic-light transfer conditions

Jonathan Stapleton
clock 10 June 2026 • 5 min read
Trustpilot