FSA has fined Specialist Solutions plc £35,000 for failings relating to promotion of unregulated collective investment schemes to customers. It found the firm did not adequately assess whether the customers were eligible to receive promotion about the schemes, nor whether the advice it gave on investing in them was suitable. Following a skilled person's report, FSA now expects the firms to contact the customers who may have suffered detriment in order to provide them with redress. Separately, FSA publicly censured the Matrix Model Group (UK) Limited for failing to comply with conduct of business standards in selling a geared traded endowment product policy. (Source: Specialist Solutions Final Notice and Matrix Final Notice)