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The FCA has today banned indefinitely two directors of an IFA firm for their roles in submitting “false and misleading information” about customers’ high net worth status when making SIPP applications.

Private equity firm Epiris has completed the acquisition of James Hay and Saunderson House parent company IFG Group.
Retirement wealth planning firm James Hay has appointed platform veteran Stephen Wynne-Jones as its head of marketing.
The FCA has approved the £206m private equity firm takeover of IFG Group, parent company of SIPP and platform provider James Hay.
City-based private equity firm Epiris is set to buy IFG Group - owner of Sipp and platform provider James Hay - for £206m.
Client wins at James Hay fell by 22% in the first 10 months of the year according to parent company IFG’s latest trading update.
Financial Planner and wealth manager Saunderson House has parted company with its investment director Chris Sexton after 14 years.
IFG’s James Hay Sipp and platform business had a good half year with ‘robust’ performance.
The sale of IFA Saunderson House has been abandoned by parent company IFG Group, parent company of SIPPs firm James Hay.
IFG Group, the owners of SIPP company James Hay Partnership, has announced a £400,000 loss in the last year, compared to profits of £6.4m for 2016.

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