The PIA has taken disciplinary action against IFA Wood Tompson of 46 Ridgeway, Weston Favell, Northampton for pensions review failings and ordered it to appoint external consultants at its expense to assist in the completion of its review cases.
The firm has also been trading under the names Northampton Pensions Centre and Chiltern Pensions Centre.
Wood Tompson has failed to accurately identify its starting population, exclude cases from the starting population correctly and carry out the necessary corrective action.
The regulator has also suspended the investment business of IFA firms Park Lane Associates of Archdale, Fyston, Leicestershire and Roger Jay Financial Services of 31 Princess Drive, Sawston, Cambrige for failing to renew their Professional Indemnity Insurance cover.
The PIA has suspended 16 firms so far this year for not having PI cover.