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Release Date: 1st February 2016

To access the original FCA document, click here.


Wayne Anthony Redgrave was fined £38,600 by the FCA for failing to exercise due skill, care, and diligence while managing Bar Professions Limited. The penalty stems from his negligent conduct in arranging insurance cover and providing misleading information to clients.

Key points of the case:

Key takeaways for other firms to avoid similar issues:

In conclusion, this case underscores the importance of diligence, accurate communication, and thorough oversight in managing insurance firms. Firms must take proactive steps to ensure compliance and protect consumer interests to avoid significant penalties and reputational damage.

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