FSCS 'expects' more IFA failures from SIPP investigations

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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...

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