Three more IFA firms have been disciplined by the PIA, despite the fact that it no longer exists as a regulatory body, having been replaced by the FSA on Saturday.
The FSA says any disciplinary action that was decided on before December 1 will still come under the banner of the PIA.
Julian Harris Financial Consultants of Julian Harris House, Musgrove, Ashford, Kent was hit with a £15,000 fine and ordered to pay costs of £7,500 for pensions review problems.
Hamroy Financial Services of Mortimer House, 123 Stourbridge Road, Hallesown, West Midlands has been fined £10,000 and ordered to pay costs of £3,000 for pensions review failings.
Finally, G T Mortgage Services of Sinfin District Centre, Arleston Lane, Sinfin, Derby has been expelled and banned from conducting investment business because it has not maintained its PI insurance cover, doesn't meet the financial resources requirements and failed to cooperate with the PIA Ombudsman.