FOS reviews 'game changer' SIPP ruling after protest

Earlier this year, the FOS ruled that, in the case of a 'Mr A' - who invested his entire pension fund of £29,000 in Sustainable Agro Energy, a high risk, unregulated scheme selling bio-fuel investment products in South East Asia -, Berkeley Burke failed to ensure that the investment was suitable. The provider had argued it was not responsible for suitability as it was not the adviser. Lawyers said the decision could have repercussions for hundreds of other cases where investors have lost money after putting their retirement funds in esoteric investments via a SIPP, and are now chasing...