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Release Date: 9th May 2016

To access the original FCA document, click here.


Terence Andrew Joint was fined £10,000 by the Financial Conduct Authority (FCA) and prohibited from performing any significant influence functions in relation to any regulated activities. This decision was made due to Joint’s failure to exercise due skill, care, and diligence in managing Joint Aviation Services Limited, leading to the misapplication of client insurance premiums and improper handling of client funds.

Reasons for the Fine:

Key Takeaways for Other Firms:


The FCA’s action against Terence Andrew Joint underscores the importance of diligent management and adherence to regulatory standards in financial operations. Firms must maintain rigorous oversight and compliance measures to protect client funds and avoid severe penalties.

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