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Albion Management Services suspended by PIA

IFA Albion Management Services, formerly Albion Investment Management of 19 Olive Street, Sunderland has been suspended by the PIA for offering advice despite not having any authorised individuals.

The firm was also found to be giving inaccurate information and misrepresenting the size of share holdings.

The regulator has hit two IFA firms with fines for pensions review failings. IFA Alpha Delta of Delta House, 56 Ash Hill Crescent, Hatfield, Doncaster has been fined £12,500 for review failings and also reprimanded for failing to comply with an award made by the PIA Ombudsman and IFA Douglas Deakin Young of 22-25a Sackville Street, London was fined £20,000 and ordered to pay costs of £1,995.

The PIA has also announced the membership of IFA Complete Financial Services of Hillside, Bishops Walk, Shirley Hills, Croydon because it no longer has any registered individuals employed.

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