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PIA suspends two IFA firms

The PIA has suspended IFA Vital Financial Services of PO Box 4012, Byron House, 10-12 Kennedy Street, Manchester from soliciting or conducting investment business because it is unable to meet the regulator&#39s financial services requirements.

G.T. Mortgage Services of Sinfin District Centre, Arleston Lane, Sinfin, Derby has also been suspended by the PIA because it has also in breach of the financial resources requirements.

The firm has been unable or unwilling to pay the £500 case fee required by the Financial Services Ombudsman to investigate a complaint and not maintained its PI cover.

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