The Personal Investment Authority has suspended Mackenzie Law & Company (Life and Pensions) and M P S...
The Personal Investment Authority has suspended Mackenzie Law & Company (Life and Pensions) and M P Saunders (Financial Services) Ltd and ordered the companies to "cease conducting and soliciting investment business" after the two firms failed to comply with awards made against them by the PIA Ombudsman in February. Unfortunately, this is not the first time the PIA has been forced to act this year. It says more than eight companies have been expelled and three suspended on grounds that they no longer meet financial resources requirements set by the authority. A total of £46m h...
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