An Island financial company will have to pay out almost £63,000 in penalties after regulators found a number of failings.
Island Financial Solutions, based on Prospect Hill in Douglas, was investigated by the Financial Services Authority after a 2018 inspection exposed problems.
The FSA says the company breached pension regulatory requirements, misused its own group pension scheme, had an ineffective compliance regime, and didn't properly disclosed commission fees.
It imposed a civil penalty of £89,994 but discounted the amount to £62,996 after the company cooperated with the FSA.
Peel cars return home
Benefits claimant abused staff
Euro game road closures approved
Whale and Dolphin watching event on Sunday
Northern lights a possibility this weekend
Can we use the UK NHS app?
Cruise ship stops off at Island
Technical issues with flight to Bristol causes 6-hour delay
