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Release Date: 20th September 2018

To access the original FCA document, click here.


Alistair Rae Burns was fined £60,000 by the Financial Conduct Authority (FCA) and prohibited from performing any senior management or significant influence function in any regulated activities. This action results from Mr Burns’ failure to ensure that TailorMade Independent Limited (TMI) complied with regulatory requirements, specifically regarding the transfer of pension benefits into Self Invested Personal Pensions (SIPPs) and managing conflicts of interest.

Key Takeaways for Other Firms:

In conclusion, the FCA’s action against Alistair Rae Burns underscores the importance of regulatory compliance and the responsibilities of senior management in overseeing and managing conflicts of interest within their firms.

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