Individual enforcement history

Richard Brian Fenech

IRN RBF00006Register status · Prohibited1 enforcement action

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01 · Enforcement history

Actions recorded on Firmwatcher.

27 Jul 2026

Upper Tribunal decision

The Upper Tribunal (Tax and Chancery Chamber) upheld the FCA’s decision to ban Richard Brian Fenech from working in financial services on 27 July 2026. The tribunal found he acted dishonestly by providing a backdated appointed representative agreement and failed to properly oversee adviser Heather Dunne, whose pension transfer work between April 2015 and June 2017 led to over £126m being transferred. The tribunal reduced the financial penalty to reflect its finding that 18% of Dunne’s clients received unsuitable advice and that only Fenech’s income from his relationship with Dunne should be counted when calculating his penalty. The tribunal’s decision was published on 27 July 2026 and the FCA issued final notices following that judgment.

Summarised from notice and press

Date	Action	Summary	Source document
27 Jul 2026	Upper Tribunal decision	The Upper Tribunal (Tax and Chancery Chamber) upheld the FCA’s decision to ban Richard Brian Fenech from working in financial services on 27 July 2026. The tribunal found he acted dishonestly by providing a backdated appointed representative agreement and failed to properly oversee adviser Heather Dunne, whose pension transfer work between April 2015 and June 2017 led to over £126m being transferred. The tribunal reduced the financial penalty to reflect its finding that 18% of Dunne’s clients received unsuitable advice and that only Fenech’s income from his relationship with Dunne should be counted when calculating his penalty. The tribunal’s decision was published on 27 July 2026 and the FCA issued final notices following that judgment. Summarised from notice and press	Open the published notice or announcement

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