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PIA fines three IFA firms over pensions misselling review

The PIA has fined and reprimanded three IFA firms over compliance failings resulting from the pensions misselling review.


Buckles of Independence House, Clwyd Street, Rhyl and Capital Planning & Finance of 11 Kingsway, London are both fined £15,000 and ordered to pay PIA costs of £4,500 and £4,200 respectively.


Newman Houghton & Co of The Old Station, Groombridge, Tunbridge Wells is fined £12,500 and also ordered to pay £2,000 towards the PIAs costs.


In a separate move the PIA has also announced the termination of the membership of Ian Ward, trading as Bucward.

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