The Financial Services Compensation Scheme (FSCS) said it expects the number of advisory businesses declared in default as a result of its investigations into self-invested personal pension (SIPP) advice to rise above the current four.
The scheme said it is receiving increasing numbers of claims against independent advisers who are no longer trading, where advice was given to transfer existing pension schemes to SIPPs. In many...
To continue reading this article...
Join Professional Adviser
- 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.
