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PIA fines IFA Eurosure Investment Services for compliance and pension review failings

The PIA has hit IFA Eurosure Investment Services of 35 Market Place, Boston, Lincolnshire with a £10,000 fine for compliance and pensions review failings.

Following visits from the regulator in 1997 and 1998, it emerged the firm had failed in a number of areas including not accumulating sufficient information to establish the competence of its appointed representatives or investment staff and not demonstrated its transactions were suitable for investors&#39 needs.

It also did not provide adequate training to its supervisors and did not carry out a full review of all its business falling under the scope of the pension review.

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