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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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