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More PIA regulatory action

The PIA has taken action against two more IFA firms in what has been one of the busiest winters in recent memory as far as regulatory action is concerned.

This time around the PIA has fined Wingrove Associates Assurance & Financial Consultants of Flat 7, 22 Lewes Crescent, Kemp Town, Brighton £10,000 for pensions review failings. The firm has been ordered to pay PIA costs of £3,600.

It has also expelled R&W Financial Services of 15a Main Street, Shildon, Co Durham because it has not maintained its PI insurance cover.

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