Investors mis-sold pensions will be paid a total of £11.5bn in compensation, according to FSA chairm...
Investors mis-sold pensions will be paid a total of £11.5bn in compensation, according to FSA chairman Howard Davies. In 1998 the Financial Services Ombudsman commenced its mis-selling review into the marketing of private pensions to clients who would have been better advised to remain in existing occupational schemes. Davies said 98% of cases have now been resolved and while final figures are still unknown, around £11.5bn is expected to be paid to 1.1 million investors.
Tapered annual allowance headache
Our weekly heads-up for advisers
Acquisition completed earlier this month.
Changes to take place by next year
Launched 18 November