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PIA disciplines MP Saunders (Financial Services)

The PIA has taken disciplinary action against IFA firm MP Saunders (Financial Services) of 183-191 Ballards Lane, Finchley Central, London. It has been fined £15,000, ordered to pay costs of £3,150 and reprimanded for pensions review failings.

The PIA says visits to the firm in September 1999 and June 2000 identified serious failings in its pensions review, including not completing the review of priority cases within the PIA deadline of 31 December 1998. This year the PIA has taken disciplinary action against 32 firms resulting in fines totalling £1,022,000.


Small firms facing business dilemma

How does a small, specialist IFA firm respond to the challenges created by the introduction of stakeholder?At Informed Choice, we have identified the following issues as the challenges that need to be addressed.Should we attempt to become a major player in the stakeholder market and what impact will that have on our business goals?Can we […]

Searching for the engine to power IFAs&#39 websites

We were delighted to read the letter (Money Marketing, April 12) in which the anonymous author delivered yet more praise for our IFA Window website service and also made some good points about the need for IFAs to actively promote their sites if they are to get maximum value.We believe our service is the biggest […]

Friends slated for block on windfalls

A Belfast IFA has lambasted Friends Provident for denying some rebate-only pension scheme members windfall payouts when it demutualises.Aon McMillen Consulting senior consultant Richard Oats says he was puzzled when colleagues and clients were sent paperwork to validate their claims to windfalls ahead of the demutualisation.Oats had joined a rebate-only pension scheme before Friends announced […]

Ipswich BS makes tracks

Ipswich Building Society has introduced a tracker mortgage that has redemption penalties in the first three years.The mortgage remains at 0.75 per cent above the Bank of England base rate for the life of the loan, giving it a payable rate of 6.25 per cent. It is available for loans of up to 95 per […]


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