Peter Sprung fined and banned by CII

It follows an independent CII investigation into Sprung after the former Park Row CEO was fined and banned by the FSA for his part in the failure of the national IFA last year. The CII says Sprung, who holds a DipPFS from the professional body, will have to pay legal costs arising from the investigation as well as an undisclosed fine. Its probe followed alleged breach of terms of membership by Sprung following the regulator's disciplinary action against him. In February, the FSA banned him from taking senior positions for five years, including exercising any significant influence f...