AWD Chase de Vere denies malpractice after FOS complaint

The advisory group also denied any knowledge of complaints lodged against the firm by Yateley with the Financial Services Authority (FSA) and the Financial Ombudsman Service (FOS). Roy Grimwood, chairman of Yateley, said he has submitted complaints at the end of July to the FSA and the FOS over AWD's conduct as trustee of Yateley's pension scheme. Yateley claimed whilst AWD was the trustee of its pension scheme, between 2001 and 2011, it badly overestimated the scheme's liabilities. However, AWD has strongly denied any responsibility for the poor valuation and said it has not yet h...