01 · In plain English
What happened.
On 26 July 2024 the Financial Conduct Authority fined Steven Harbinder Singh Sahota £1,782,343 and imposed a prohibition. The FCA’s Final Notice records breaches of APER 1 relating to his conduct in the pensions sector; the regulator was the sole enforcer in this action. The FCA Final Notice is the source for these outcomes.
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA published.
On 26 July 2024, the Financial Conduct Authority fined Steven Harbinder Singh Sahota £1,782,343. This Final Notice refers to breaches of APER 1 related to conduct in the pensions sector. We imposed a prohibition and financial penalty. Source: the FCA's published list of 2024 fines.
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