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PIA on the warpath again

The PIA has expelled five IFA firms because they no longer meet the regulator&#39s financial resources requirements.

Senator Life and Pensions of The Business Management Centre, Hedging Lane, Wilnecote, Tamworth, Staffordshire ceased trading in June 1998.

J Bird Investment Consultants formerly of 11 Montpelier Avenue, Bexley, Kent stopped doing business in November 1997.

Harold Gibson (Life Pension & Mortgages) formerly of 12 Dudley Street, Grimbsy, North East Lincolnshire shut down in January 1998.

Murray Noble of 94 Horsecroft Road, Hemel Hempstead, Hertfordshire ceased in March 1998.

David Cowell & Company Investment Management International formerly of Woodlands, Constable Burton, Leyburn, North Yorkshire closed its doors in April 1996.


HSBC anger at watchdog ruling over rates switch

HSBC Bank is accusing the Financial Ombudsman Service of overlooking fairness and consumer interest after it lost a ruling about its two-tier mortgage rate strategy offering lower rates to new borrowers. The ombudsman found one of the bank&#39s existing discountrate clients had been discriminated against as they were prevented from switching to a new lower […]

CGE&Y urges Sofa delegates to integrate face to face advice with telephone and internet

To meet consumer demand for financial advice in the “1 per cent world” IFAs must rethink their current processes according to Cap Gemini Ernst & Young.Speaking at this week&#39s Sofa conference in Birmingham the management consultancy&#39s head of insurance sector Shaun Crawford claimed the need for advice is growing but reliance by IFAs on offering […]

Network offers advisers non-regulated term deal

DBS is setting up a non-regulated network service so intermediaries can sell term insurance products without incurring additional compliance costs. DBS is hoping to start the service early next year, when members will be able to transact businesses in non-regulated products thr-ough a simplified sales pro-cess with a slimmer fact-find. The move is seen as […]

Whitechurch bids to aid IFAs switching networks

Whitechurch Network is calling on the industry to set up a clearing house to handle commission payments owed to IFAs when they move networks.The network is calling on rivals and providers to collaborate in a thinktank to tackle delays faced by IFAs in getting commission paid through their old network when they move.Whitechurch points to […]

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]


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