The PIA has expelled five IFA firms because they no longer meet the regulator's 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.