Catalyst’s non-disclosure sparks searing staff fines

Catalyst Investment Group has been censured and three of its senior staff dealt hefty penalties by the Financial Conduct Authority because it recklessly misled investors when promoting ‘death bonds’. The firm is in default and so avoided a £450,000 sanction, but chief executive Timothy Roberts, former director Andrew Wilkins and ­compliance officer Alison Moran were levied £450,000, £100,000 and £20,000 respectively.