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PIA fines and reprimands IFAs over pensions review

The PIA has taken disciplinary action against two IFA firms over compliance failings resulting from the pensions misselling review.

Barnett Rawlinson Bentley Financial Services of Mayfield House, Basford Park Road, Newcastle Staffordshire is reprimanded and fined £15,000. It is also ordered to pay PIA costs of £4,200.

Wilkinson Rodgers Life and Pensions Consultants of Greenhead House, 2 Greenhead Road, Huddersfield is also reprimanded and fined £15,000 and ordered to pay costs of £3,360.


Swag casts doubt over Scottish Widows pension review

More trouble is brewing for Scottish Widows as the Scottish Widows Action Group questions the status of some of its phase one pension review cases.The group says it has already discovered two cases which they claim could fail the misselling test if they were retested second time around.It says Widows fall in bonus rates has […]

TUC backs mutual campaign

The TUC has backed Money Marketing&#39s Save our Mutuals campaign to change the law to help building societies fight off carpetbaggers.The campaign has enjoyed a groundswell of support in recent weeks with the influential Treasury select committee backing Money Marketing&#39s position, joining mortgage brokers and consumer groups.The TUC has pledged its full support arguing that […]

Skipton Building Society launches growth bond

Skipton Building Society is relaunching its two-year growth bond offering up to 20 per cent growth over the term.The bond guarantees to return the investors initial capital in full, while providing the potential for capital growth linked to the performance of the FTSE 100 stockmarket index.For every 1 per cent rise in the FTSE 100 […]

PIA paid-up pension move may cost millions

Life offices face losing millions of pounds as the PIA forces them to slash charges to fit new paid up pension guidelines.The regulator will now require life offices to cut charges to ensure those with paid up personal pensions are not penalised because they have not transferred to a stakeholder plan.It has just endorsed ABI […]


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