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PIA suspends IFA Complete Financial Services

The PIA has suspended the investment business of IFA Complete Financial Services of Hillside, Bishops Walk, Shirley Hills, Croydon because it has failed to comply with an award made against it by the Ombudsman.

The award was made in August 2001, and the firm is contesting the decision made by the Ombudsman and has therefore failed to offer redress to the complainant.

If the IFA pays the award, it can re-apply to the PIA for leave to resume investment business.


Genesis cuts mortgage rates

Genesis Home Loans has reduced the rates for all its Freedom non-conforming mortgage products by 0.5 per cent.The rate on which all products are based is now at 4.8 per cent which it says is an all time low.Genesis Group marketing director Graham Warburton says: “This reduction means our non-conforming mortgages are as affordable now […]

Scot Equ calls on pensions industry to keep up with social change

Scottish Equitable is urging the pensions industry to keep up with social change such as issues surrounding the payment of pension death benefits to homosexual and common-law partners. Scot Equ pensions development director Stewart Ritchie says there is increasing mismatch between rules for dependants&#39 pensions and the way society is evolving, where increasingly people are […]

CIS offers to act as guinea pig for Saltr

CIS is offering to be a case study for product providers which are wary of the ABI&#39s Raising Standards initiative. The life office is urging providers to sign up for the accreditation mark, believing it is the industry&#39s last opportunity for self-regulation before changes are forced on it by the Sandler and FSA reviews. CIS […]

Freedom fighters

Last week&#39s article concerned a report by Barclays Bank on the number of over-50s starting their own business. The good news for advisers is that the owners of small businesses are likely to be just the sort of people who will truly value advice – even more so, perhaps, where the owner is of relatively […]


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