PIA turns down talks offer

PIA turns down talks offer

The PIA, the regulator of financial services,last night turned down the offer of talks with the representatives of the IFA Association, which represents independent financial advisers, on the implications of last Friday's High Court judgment on compensation for mis-selling of personal pensions. The High Court ruled the Securities and Investment Board had no power to order IFAs to warn their clients they may have been misled, because to do so could invalidate their personal indemnity insurance.