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PIA expels Kendall White and Company

The PIA has expelled Wolverhampton firm Kendall White and Company Limited because it no longer meets its financial resources requirement.

The firm, of Oriel Lodge, 796 Stafford Road, Fordhouses, Wolverhampton, went into administrative receivership on November 29, 2000 and was expelled yesterday after investors lodged claims with the Investors Compensation Scheme, which declared the firm &#39in default&#39.

The expulsion will allow the PIA&#39s Pension Unit to start working on the firm&#39s remaining pension review cases. Any cases found to have resulted in loss will be passed to the ICS for further review.

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