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Release Date: 10th September 2015

To access the original FCA document, click here.


The Financial Conduct Authority (FCA) has fined Ralph Paul Whittington £42,111 and banned him from performing any function in relation to regulated activities. Whittington, former director of Savesure Limited, misappropriated £50,899 of clients’ insurance premiums, using these funds to cover business expenses and repay his personal injections into the business. This breach of integrity makes him unfit for regulated activities.

Key Takeaways for Other Firms:

By adhering to these principles, firms can protect client interests, maintain regulatory compliance, and avoid substantial penalties.

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