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PIA fines 31 more firms

The Personal Investment Authority (PIA) has today taken disciplinary action against 31 firms issuing fines totalling £108,000 in relation to pensions review failures by small IFAs.


The firms have been disciplined for failing to meet the December 1997 deadline to complete 90 per cent of their most urgent cases.


The companies fined are Abacus Insurance Consultants, ADA Financial Consultants, Ashby London Financial Services, Aspin Analysis Ltd, Bainton Smith Financial Services, Berkley Morgan Ltd, Bruce & Partners, Caswell & Company, Chartertrack Financial Services Ltd, CJ Hussey Partnership, County Insurance Consultants and County Estates, C.W Financial Services, Fisher Financial plc, HCS Pensions Management Ltd, Hightree Financial Services Ltd, Howard Cox, Independent Professional Advisers Services Ltd, Kenneth S Morrison Life & Pensions, Lee & Company, M A Noble Ltd, Mountbatten Financial Management, PJ Wyatt Certified Accountants, Professional Affinity Group Services Ltd, RAM Financial Services Ltd, RM Gibson & Partners Ltd, RV Tax Life & Pension Brokers, Seymour Price & Company Ltd, Stretton Life & Pensions Ltd, TPEC, Wellard Shaw Financial services Ltd and Wood Thompson.

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