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FSA to probe Pearl staff over misselling claims

Up to 35 Northern Scotlandbased sales staff at Pearl are being investigated by the FSA concerning allegations of sales irregularities.

A spokesman for trade union Amicus which represents the workers says about 35 sales staff, the majority of whom are waiting for redundancy payments from Pearl after its salesforce was closed, are being investigated by the FSA for alleged misselling of pensions.

The spokesman says redundancy payments have been suspended while the investigation is carried out and staff will not get references until it is complete.

The union is pushing for Pearl, which is owned by AMP, to urge the FSA to complete the investigation as quickly as possible.

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