Paul Robertson trading as Tony Robertson Insurance, based at The Old Stables, Washbrook Lane, Coventry (firm reference number 118369), specialised in residential mortgages according to the IFA Guide, but has now had his Part 4A permission cancelled by the FCA.
The decision comes after the FCA had given Mr Robertson a decision notice stating they were not satisfied that Paul Robertson, trading as Tony Robertson Insurance, was a fit and proper person including whether he managed his business in a way to ensure that its affairs were conducted in a sound and prudent manner.
Mr Robertson failed to pay an overdue balance owed to the FCA totalling £1,356.56 and had not been open and co-operative with the FCA after he failed to respond to the regulator’s repeated requests to pay the overdue balance.
These failures led to the FCA concluding that the business was not managed in a way to ensure its affairs were conducted correctly, and therefore failed to satisfy the Threshold Conditions.
Mr Robertson did not refer the matter to the Upper Tribunal within 28 days and so the FCA announced it had cancelled his Part 4A permission.
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