Accountancy firm in financial dispute with insurers

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Sister titled Accountancy Age has reported that the advisor's latest set of accounts revealed the argument with insurers. The dispute centres on sharing out the cost of undertaking remedial action arising from the FSA settlement.

RSM Tenon was fined £700,000 by the FSA for "significant failings in its advice and sales processes relating to Lehman-backed structured products".

The FSA had found poor systems and controls of the marketing and distribution of structured products and in its pensions

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