Taking Stock – That’ll be #500 please.

The pensions mis-selling scandal has really started to kick in.[QQ] Just last week some 20 firms were dragged into the argument when they were fined following regulatory decisions by the English ICA’s Financial Services Authorisation Committee. But TS has noticed a genuine double entry – one firm was named twice in the decision notice. When contacted by telephone, the embarrassed officials at the institute’s Professional Standards Office in Milton Keynes revealed the double inclusion of one firm’s name on the list of those that had been penalised – Stewart Bond of Preston – was a mistake. Given that Stewart Bond was fined #500 by the institute for making a mistake and not committing a disciplinary offence, perhaps the institute should take some of its own medicine. That’ll be #500 please.

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