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£1m fine for pensions mis-selling
a financial advice firm has been fined more than Â1m by the city watchdog for mis-selling pension products .
the fsa is set to publish a report on the pensions transfer industry shortly .
were regard any lapse in our standards as unacceptable, however fewer than 1% of our clients have been affected .
based on a sample of recommendations, the fsa found that 28% of transactions resulted in mis-sales .
the firm did not always disclose the risks and costs of its recommended products .
Generated 2008-11-13_19:52
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