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PIA fines IFA over pensions review failings

The PIA has fined Hampshire IFA Capital Plans £15,000 over compliance failings on its pensions review.


The IFA based in Portersbridge Street Romsey was also ordered to pay £3,500 towards the PIAs costs.


Following a visit by the PIAs Pensions Review Monitoring Unit, it was found that Capital Plans had failed to identify and verify a starting population for the review.


It also failed to carry out mailings within a suitable time frame.


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