Adviser wins £190k for clients mis-sold UCIS by deVere

Victor Sacks (pictured), IFA at Peterborough-based Ringrose Grimsley, helped the couple through the Financial Ombudsman (FOS) process after he took them on as clients in 2013 and realised they had been mis-sold a variety of high risk investments by deVere UK. But despite the FOS finding against deVere in July last year and ordering it to pay the couple the maximum redress of £150,000, the advice group has only settled with the couple this month. deVere "dragged its heels every step of the way", said Sacks. The global advice firm said it "regrets" the advice given was "not fully sui...