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PIA fines London IFA £50,000

The PIA has fined IFA City Assurance Consultants of The White House, 100 Wimbledon Hill Road, London £50,000 for pensions review failings.

The firm, which has also been officially reprimanded and ordered to pay PIA costs of £4,000, is guilty of a number of failings identified in regulatory visits between January and August 2000.

They include failing to ensure its starting population was accurate, excluding cases correctly, completing Phase One cases by the end of 1998 as required, conducting compliance and causation assessments correctly and completing corrective action in a timely manner.

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