IFA demands compensation from Standard Life for time wasting

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An IFA is demanding Standard Life pays him compensation for the hours wasted in dealing with the Pension Sterling fund saga.

Chris Geeson, managing director at Geeson Financial Services, estimates he spent around 40 hours working on issues that arose from the debacle costing him about £10,000. He says the way in which the situation has been handled shows the company has no concept of the business world. Geeson also expressed anger over the way in which the news was dealt with by his Standard Life broker. The representative called him an hour after the news was broken that Standard Life was paying £100m compensation on the fund, to ask whether or not he would be willing to do business with Standard Life again...

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