Personal Investment Authority (PIA):

The Personal Investment Authority (PIA) was the investors' watchdog dealing with all advisers who marketed products directly to the general public.

Since the Financial Services Authority assumed its full responsibilities in 2001, the PIA's role has been subsumed within the FSA.

If your financial adviser tries to sell you investments or savings products, he (or she) has to be registered.If he's not, and is not regulated by another appropriate regulator, he's breaking the law.

Bear in mind that if you lose money as a result of taking advice from someone who's not authorised, you're not entitled to any compensation from the industry-wide scheme.

© Money Only Limited 2006 - 2008 | Company Number 6007897
Consumer Credit Licence 595974 | Data Protection Z9806434
Legal Information | Disclaimer | Privacy & Cookie Policy | Terms

We present information which we obtain from independent sources and do not give financial advice. You should check rates and terms with the product provider. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.