( August 4, 2026, 10:59 GMT | Official Statement) -- MLex Summary: Two pensions advisers in the UK have had their bans upheld for giving the wrong advice to customers, but their fines have been significantly reduced. The Upper Tribunal on Tuesday agreed with the Financial Conduct Authority's decision to ban Richard Fenech and Heather Dunne from working in financial services, saying both acted dishonestly by providing a backdated appointed representative agreement to the FCA. Dunne's fine of £399,817 was reduced to £41,230, while Fenech's fine of £270,646 was cut to £16,046.Statement follows....
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