Wood Financial Management Ltd has had its Part IV Permissions cancelled by the FSA.

This is because the firm, based in Holmfirth, West Yorkshire, failed to pay fees and levies totalling £4,901.98 owed to the FSA.

It also failed to submit the Retail Mediation Activities Returns for the periods ended 31 May 2010, 30 November 2010, 31 May 2011 and 30 November 2011.

This was despite repeated FSA requests that it does so.