IFA wins £80k for ex bank employee mis-sold pension

Darrell Monteith, director at IFA firm Universal Finance in Country Tyrone, Northern Ireland, discovered the mis-selling by Ulster bank advisers tied to Natwest when the client was referred to him by her accountant last year. In what he labelled an example of "smash and grab advice", his client would have been left £80,000 poorer in her retirement if he had not intervened. The woman, who had worked for and banked with Ulster for twenty years, retired in 1995 having accrued about £90,000 in the company's defined benefit final salary pension scheme. Ulster's Natwest tied advisers the...