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PIA fines London firm £10,000 over review

The PIA has slapped a £10,000 fine on a London broker for not carrying out the pension misselling review properly. Jacobs Insurance Brokers, of Cavendish Road, Highams Park, which has four registered individuals, has also been ordered to pay the costs of a verification visit. The PIA has also rejected the membership application of M Gill Financial Services of Watling Street, Radlett, Hertfordshire for a series of compliance failures.

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Big guns&#39 price war blasted us out

Britannia Life managing director Des Hudson is sticking to his guns – he has no doubts that the decision to quit the IFA market was the right one. No amount of retrospective and encouraging figures, such as those above, can change the fact that cut-throat competition had squeezed the life office&#39s margins to unsustainable levels, […]

Pensions hit by anti-avoidance moves

Tax avoidance by pension schemes is to be caught in the Government&#39s anti-avoidance net. The Chancellor is concerned that schemes are avoiding tax when they cease to be approved. The changes will hit small self-administered schemes, self-invested personal pensions and occupational schemes.

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