IFA demands compensation from Standard Life for time wasting

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •