Pension company bosses ‘lost clients nearly £1m’

Two traders lost their clients nearly £1m by making inappropriate investments over a four year period, a court heard. Anton Taylor, 52, and Simon Silva Peake, 46, allegedly made unauthorised investments at Carlisle-based pension company Quintillion Asset Management Ltd between 2007 and 2011. The company directors allegedly invested much of the money into Bermuda-based Kratos Investments Ltd, according to the charges. Misba Majid, prosecuting, said: ‘Both individuals, at the time of the alleged offences are directors of a pension investment…